Xponance Inc. Sells 1,037 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Xponance Inc. decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,974 shares of the insurance provider’s stock after selling 1,037 shares during the period. Xponance Inc.’s holdings in Cincinnati Financial were worth $2,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CINF. Los Angeles Capital Management LLC boosted its position in shares of Cincinnati Financial by 554.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock valued at $113,470,000 after purchasing an additional 939,861 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Cincinnati Financial by 1,870.3% in the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock worth $28,031,000 after acquiring an additional 260,122 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Cincinnati Financial in the fourth quarter worth approximately $21,036,000. London Co. of Virginia boosted its holdings in Cincinnati Financial by 7.8% in the third quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after acquiring an additional 200,414 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Cincinnati Financial by 92.6% in the third quarter. The Manufacturers Life Insurance Company now owns 236,410 shares of the insurance provider’s stock worth $24,182,000 after acquiring an additional 113,653 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.8 %

CINF stock opened at $120.96 on Tuesday. Cincinnati Financial Co. has a twelve month low of $95.01 and a twelve month high of $124.35. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $117.20 and its 200-day moving average is $108.73. The firm has a market capitalization of $18.95 billion, a PE ratio of 10.37, a P/E/G ratio of 2.42 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. Cincinnati Financial’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.27 earnings per share. Sell-side analysts expect that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, March 18th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 27.76%.

Wall Street Analysts Forecast Growth

CINF has been the topic of several recent research reports. Piper Sandler reiterated a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Citigroup increased their price target on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Finally, Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.57.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.