LPL Financial LLC increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,941 shares of the insurance provider’s stock after buying an additional 6,695 shares during the quarter. LPL Financial LLC’s holdings in Cincinnati Financial were worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Avestar Capital LLC purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at $103,000. SeaCrest Wealth Management LLC purchased a new position in Cincinnati Financial in the fourth quarter valued at about $139,000. Centiva Capital LP purchased a new position in Cincinnati Financial in the fourth quarter valued at about $201,000. Magnetar Financial LLC purchased a new position in Cincinnati Financial in the third quarter valued at about $219,000. Finally, Koshinski Asset Management Inc. purchased a new position in Cincinnati Financial in the fourth quarter valued at about $225,000. Institutional investors and hedge funds own 63.34% of the company’s stock.
In related news, Director Douglas S. Skidmore purchased 650 shares of Cincinnati Financial stock in a transaction on Friday, February 9th. The stock was bought at an average price of $70.65 per share, with a total value of $45,922.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.07% of the stock is owned by insiders.
Shares of NASDAQ CINF opened at $74.26 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a one year low of $68.49 and a one year high of $81.98. The stock has a market capitalization of $12,185.30, a price-to-earnings ratio of 27.10 and a beta of 0.84.
Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. equities research analysts anticipate that Cincinnati Financial Co. will post 3.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 21st will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s payout ratio is currently 77.37%.
Cincinnati Financial 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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