4,850 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,850 shares of the insurance provider’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CINF. Norges Bank bought a new stake in Cincinnati Financial during the fourth quarter worth approximately $149,585,000. Los Angeles Capital Management LLC raised its holdings in 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 purchasing an additional 939,861 shares in the last quarter. Select Equity Group L.P. raised its holdings in Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock worth $60,350,000 after purchasing an additional 440,158 shares in the last quarter. State Street Corp raised its holdings in Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock worth $1,246,056,000 after purchasing an additional 360,552 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Cincinnati Financial by 1,870.3% in the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after buying an additional 260,122 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $119.95 on Friday. The company’s fifty day moving average is $116.99 and its two-hundred day moving average is $108.48. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12-month low of $95.01 and a 12-month high of $124.35. The company has a market cap of $18.79 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 2.41 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) 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 company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $1.27 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Equities analysts expect that Cincinnati Financial Co. will post 6.23 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.81 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, March 18th. Cincinnati Financial’s payout ratio is currently 27.76%.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Company 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.