Securian Asset Management Inc. lowered its holdings in Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) by 43.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,219 shares of the insurance provider’s stock after selling 3,205 shares during the period. Securian Asset Management Inc.’s holdings in Cincinnati Financial were worth $689,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Cibc World Market Inc. bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $2,511,000. Strs Ohio raised its holdings in shares of Cincinnati Financial by 322.9% during the third quarter. Strs Ohio now owns 93,483 shares of the insurance provider’s stock valued at $14,780,000 after buying an additional 71,378 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $1,622,000. Johnson Investment Counsel Inc. raised its holdings in shares of Cincinnati Financial by 2.8% during the third quarter. Johnson Investment Counsel Inc. now owns 1,405,680 shares of the insurance provider’s stock valued at $222,238,000 after buying an additional 37,913 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of Cincinnati Financial by 1,102.8% during the third quarter. AE Wealth Management LLC now owns 50,997 shares of the insurance provider’s stock valued at $8,063,000 after buying an additional 46,757 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.
Cincinnati Financial Price Performance
NASDAQ CINF opened at $165.31 on Friday. The stock has a market capitalization of $25.57 billion, a P/E ratio of 9.45, a P/E/G ratio of 3.54 and a beta of 0.59. Cincinnati Financial Corporation has a 1 year low of $143.37 and a 1 year high of $174.27. The business’s fifty day moving average is $162.37 and its two-hundred day moving average is $162.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28.
Cincinnati Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is currently 21.50%.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Roth Mkm raised their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Bank of America lowered their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.75.
Get Our Latest Stock Report on CINF
About Cincinnati Financial
Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.
The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.
See Also
- Five stocks we like better than Cincinnati Financial
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.
