Barclays PLC Acquires 36,586 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Barclays PLC grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,947 shares of the insurance provider’s stock after acquiring an additional 36,586 shares during the period. Barclays PLC’s holdings in Cincinnati Financial were worth $82,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CINF. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd boosted its holdings in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after buying an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Cincinnati Financial during the fourth quarter worth $50,000. Finally, Kentucky Trust Co bought a new stake in Cincinnati Financial during the fourth quarter worth $51,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.0 %

Shares of CINF stock opened at $133.33 on Wednesday. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The company has a market capitalization of $20.87 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The firm has a 50 day moving average price of $139.86 and a two-hundred day moving average price of $142.68. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date was Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 23.97%.

Wall Street Analyst Weigh In

CINF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, StockNews.com cut Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.40.

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.