Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,237 shares of the insurance provider’s stock after selling 775 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cincinnati Financial were worth $4,776,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial in the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd boosted its stake in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the period. True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $42,000. Finally, Quarry LP acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

CINF has been the topic of several research analyst reports. Roth Mkm raised their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Trading Down 0.4 %

CINF opened at $145.62 on Friday. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The business’s 50 day moving average is $139.96 and its two-hundred day moving average is $142.41. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.39%. Cincinnati Financial’s payout ratio is 23.97%.

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.