Xponance Inc. Has $2.07 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Xponance Inc. cut its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,974 shares of the insurance provider’s stock after selling 1,037 shares during the quarter. Xponance Inc.’s holdings in Cincinnati Financial were worth $2,067,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CINF. Los Angeles Capital Management LLC grew its holdings 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 in the last quarter. AQR Capital Management LLC grew its holdings in shares of Cincinnati Financial by 1,870.3% during the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock worth $28,031,000 after buying an additional 260,122 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Cincinnati Financial during the fourth quarter worth about $21,036,000. London Co. of Virginia grew its holdings in shares of Cincinnati Financial by 7.8% during the third quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after buying an additional 200,414 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Cincinnati Financial by 92.6% during the third quarter. The Manufacturers Life Insurance Company now owns 236,410 shares of the insurance provider’s stock worth $24,182,000 after buying an additional 113,653 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Stock Performance

CINF opened at $120.96 on Tuesday. Cincinnati Financial Co. has a 12-month low of $95.01 and a 12-month high of $124.35. The stock has a market cap of $18.95 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 2.42 and a beta of 0.63. The business has a 50 day moving average of $117.20 and a 200-day moving average of $108.73. 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 (NASDAQ:CINF) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm posted $1.27 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, March 18th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 27.76%.

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.