MUFG Securities EMEA plc purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 60,000 shares of the insurance provider’s stock, valued at approximately $4,498,000.
Other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board lifted its stake in Cincinnati Financial by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares in the last quarter. People s United Financial Inc. lifted its stake in Cincinnati Financial by 6.5% during the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 110 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Cincinnati Financial during the 4th quarter worth about $139,000. WFG Advisors LP lifted its stake in Cincinnati Financial by 39.4% during the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 718 shares in the last quarter. Finally, Csenge Advisory Group acquired a new position in Cincinnati Financial during the 3rd quarter worth about $206,000. 64.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cincinnati Financial Co. (CINF) traded down $0.87 during midday trading on Monday, reaching $75.51. The company’s stock had a trading volume of 304,308 shares, compared to its average volume of 541,175. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Cincinnati Financial Co. has a 12 month low of $68.24 and a 12 month high of $81.98. The stock has a market cap of $12,531.80, a P/E ratio of 25.29 and a beta of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 21st will be issued a dividend of $0.53 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. This represents a $2.12 annualized dividend and a yield of 2.81%. Cincinnati Financial’s dividend payout ratio is 66.23%.
Several equities analysts recently issued reports on CINF shares. BidaskClub raised Cincinnati Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 30th. Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $78.50.
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Cincinnati Financial Profile
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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