Brandywine Global Investment Management LLC lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,717 shares of the insurance provider’s stock after acquiring an additional 14,512 shares during the quarter. Brandywine Global Investment Management LLC owned 0.09% of Cincinnati Financial worth $10,625,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Cincinnati Financial by 0.5% in the fourth quarter. BlackRock Inc. now owns 13,354,092 shares of the insurance provider’s stock worth $1,001,157,000 after acquiring an additional 65,896 shares during the period. Truepoint Inc. grew its stake in shares of Cincinnati Financial by 7,395.5% in the third quarter. Truepoint Inc. now owns 1,954,901 shares of the insurance provider’s stock worth $1,955,000 after acquiring an additional 1,928,820 shares during the period. Geode Capital Management LLC grew its stake in shares of Cincinnati Financial by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,719,014 shares of the insurance provider’s stock worth $128,622,000 after acquiring an additional 46,011 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Cincinnati Financial by 12.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,321,179 shares of the insurance provider’s stock worth $99,048,000 after acquiring an additional 144,745 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Cincinnati Financial by 0.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 934,886 shares of the insurance provider’s stock worth $70,127,000 after acquiring an additional 2,898 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.
A number of analysts have recently commented on the stock. BidaskClub upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a research report on Tuesday, January 16th. Zacks Investment Research lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Cincinnati Financial in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $74.67.
Shares of Cincinnati Financial Co. (CINF) opened at $75.08 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12,633.66, a P/E ratio of 11.92 and a beta of 0.87. Cincinnati Financial Co. has a 12-month low of $68.49 and a 12-month high of $81.98.
Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. equities analysts predict that Cincinnati Financial Co. will post 3.3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.82%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. Cincinnati Financial’s payout ratio is 31.75%.
Cincinnati Financial Company 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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