Xponance Inc. Sells 749 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Xponance Inc. trimmed its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,054 shares of the insurance provider’s stock after selling 749 shares during the quarter. Xponance Inc.’s holdings in Cincinnati Financial were worth $3,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial during the third quarter worth about $28,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 106 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Cincinnati Financial during the third quarter worth about $42,000. Finally, Quarry LP bought a new position in shares of Cincinnati Financial during the third quarter worth about $43,000. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CINF has been the subject of a number of research analyst reports. Roth Mkm lifted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Trading Down 1.0 %

Shares of CINF stock opened at $146.22 on Friday. The company has a market cap of $22.89 billion, a P/E ratio of 10.07, a PEG ratio of 8.30 and a beta of 0.66. The stock has a 50 day simple moving average of $139.76 and a two-hundred day simple moving average of $142.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 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%. Research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial’s payout ratio is currently 23.97%.

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.