80,656 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 80,656 shares of the insurance provider’s stock, valued at approximately $11,590,000. Susquehanna Fundamental Investments LLC owned about 0.05% of Cincinnati Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oak Thistle LLC grew its holdings in shares of Cincinnati Financial by 177.8% in the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Cincinnati Financial in the 3rd quarter valued at about $546,000. JPMorgan Chase & Co. grew its stake in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after acquiring an additional 147,542 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after acquiring an additional 5,097 shares during the period. Finally, New York Life Investment Management LLC raised its stake in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock valued at $3,322,000 after acquiring an additional 2,383 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 1.2 %

Cincinnati Financial stock opened at $133.69 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $20.93 billion, a P/E ratio of 9.21, a P/E/G ratio of 8.30 and a beta of 0.53. The business has a fifty day moving average of $139.20 and a two-hundred day moving average of $142.50. Cincinnati Financial Co. has a twelve month low of $111.19 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were given a $0.87 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is presently 23.97%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. StockNews.com raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average target price of $147.40.

Cincinnati Financial Company 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.