Teza Capital Management LLC Makes New Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Teza Capital Management LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,683 shares of the insurance provider’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors increased its holdings in Cincinnati Financial by 13.6% during the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider’s stock worth $2,541,000 after purchasing an additional 2,122 shares during the period. New York Life Investment Management LLC grew its position in shares of Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after buying an additional 2,383 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at $4,935,000. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Cincinnati Financial by 25.0% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock valued at $50,652,000 after acquiring an additional 70,408 shares in the last quarter. Finally, Aviva PLC lifted its stake in Cincinnati Financial by 68.0% in the fourth quarter. Aviva PLC now owns 9,731 shares of the insurance provider’s stock worth $1,398,000 after acquiring an additional 3,938 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $150.17 on Wednesday. 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 Co. has a 52 week low of $111.92 and a 52 week high of $161.75. The stock’s 50-day moving average price is $140.82 and its 200-day moving average price is $143.18. The stock has a market capitalization of $23.47 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 earnings per share. As a group, equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is currently 37.95%.

Wall Street Analyst Weigh In

CINF has been the topic of a number of research reports. StockNews.com raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods cut their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $147.40.

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.