Yousif Capital Management LLC Cuts Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Yousif Capital Management LLC decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,660 shares of the insurance provider’s stock after selling 6,726 shares during the quarter. Yousif Capital Management LLC’s holdings in Cincinnati Financial were worth $8,656,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CINF. Los Angeles Capital Management LLC increased its stake in shares of Cincinnati Financial by 554.7% during the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after buying an additional 939,861 shares during the period. AQR Capital Management LLC increased its holdings in shares of Cincinnati Financial by 1,870.3% in the 3rd quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after acquiring an additional 260,122 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Cincinnati Financial in the fourth quarter valued at approximately $21,036,000. London Co. of Virginia increased its stake in Cincinnati Financial by 7.8% in the third quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock valued at $283,658,000 after purchasing an additional 200,414 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Cincinnati Financial by 92.6% in the third quarter. The Manufacturers Life Insurance Company now owns 236,410 shares of the insurance provider’s stock valued at $24,182,000 after purchasing an additional 113,653 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.8 %

Shares of CINF stock opened at $119.92 on Thursday. The business’s 50 day moving average is $117.61 and its two-hundred day moving average is $108.96. Cincinnati Financial Co. has a twelve month low of $95.01 and a twelve month high of $124.35. The company has a market capitalization of $18.79 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 2.44 and a beta of 0.63. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were paid a $0.81 dividend. The ex-dividend date was Monday, March 18th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.70%. Cincinnati Financial’s payout ratio is 27.76%.

Analyst Ratings Changes

CINF has been the topic of a number of recent analyst reports. Citigroup increased their target price on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $125.00 to $135.00 in a research report on Monday, March 25th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Piper Sandler reiterated a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $123.57.

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.