Livingston Group Asset Management CO operating as Southport Capital Management lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,448 shares of the insurance provider’s stock after selling 690 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Cincinnati Financial were worth $1,413,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of CINF. Norges Bank purchased a new stake in Cincinnati Financial during the fourth quarter worth $107,863,000. BlackRock Inc. lifted its holdings in Cincinnati Financial by 4.6% during the fourth quarter. BlackRock Inc. now owns 13,530,397 shares of the insurance provider’s stock worth $1,047,524,000 after buying an additional 598,513 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cincinnati Financial by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 3,334,300 shares of the insurance provider’s stock worth $256,108,000 after buying an additional 354,822 shares during the period. California Public Employees Retirement System lifted its holdings in Cincinnati Financial by 42.0% during the fourth quarter. California Public Employees Retirement System now owns 809,791 shares of the insurance provider’s stock worth $62,694,000 after buying an additional 239,384 shares during the period. Finally, Vanguard Group Inc lifted its holdings in Cincinnati Financial by 1.2% during the third quarter. Vanguard Group Inc now owns 17,645,128 shares of the insurance provider’s stock worth $1,355,324,000 after buying an additional 215,956 shares during the period. Institutional investors own 64.12% of the company’s stock.
Shares of CINF stock traded down $0.85 during trading hours on Wednesday, reaching $86.87. 3,600 shares of the company’s stock were exchanged, compared to its average volume of 450,571. The company has a market cap of $14.31 billion, a PE ratio of 25.99 and a beta of 0.68. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.11. Cincinnati Financial Co. has a fifty-two week low of $66.33 and a fifty-two week high of $87.77.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 6th. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. The business had revenue of $710.00 million for the quarter, compared to the consensus estimate of $1.47 billion. Cincinnati Financial had a return on equity of 6.86% and a net margin of 5.31%. The business’s quarterly revenue was down 49.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, equities analysts forecast that Cincinnati Financial Co. will post 3.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.56 per share. The ex-dividend date was Tuesday, March 19th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.58%. Cincinnati Financial’s dividend payout ratio is presently 66.87%.
In other Cincinnati Financial news, Director Dirk J. Debbink purchased 351 shares of Cincinnati Financial stock in a transaction dated Friday, February 15th. The shares were acquired at an average cost of $85.48 per share, with a total value of $30,003.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.16% of the company’s stock.
A number of analysts have weighed in on CINF shares. BidaskClub upgraded Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 5th. Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.00.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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