Brandywine Global Investment Management LLC grew its position in Cincinnati Financial Co. (NASDAQ:CINF) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,717 shares of the insurance provider’s stock after purchasing an additional 14,512 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Cincinnati Financial were worth $10,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jefferies Group LLC boosted its position in shares of Cincinnati Financial by 7.1% in the fourth quarter. Jefferies Group LLC now owns 33,952 shares of the insurance provider’s stock worth $2,545,000 after purchasing an additional 2,248 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Cincinnati Financial by 16.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 27,608 shares of the insurance provider’s stock worth $2,069,000 after buying an additional 3,827 shares in the last quarter. BlueCrest Capital Management Ltd lifted its holdings in shares of Cincinnati Financial by 257.7% in the fourth quarter. BlueCrest Capital Management Ltd now owns 39,601 shares of the insurance provider’s stock worth $2,969,000 after buying an additional 28,529 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Cincinnati Financial by 14.4% in the fourth quarter. MML Investors Services LLC now owns 7,639 shares of the insurance provider’s stock worth $573,000 after buying an additional 959 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Cincinnati Financial in the fourth quarter worth $6,077,000. Institutional investors and hedge funds own 63.34% of the company’s stock.
Several equities analysts have recently commented on the stock. BidaskClub raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Langen Mcalenn reissued a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $74.67.
Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. research analysts expect that Cincinnati Financial Co. will post 3.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be paid a dividend of $0.53 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.82%. Cincinnati Financial’s dividend payout ratio is presently 31.75%.
In other Cincinnati Financial news, Director Douglas S. Skidmore purchased 650 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $70.65 per share, with a total value of $45,922.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.25% of the stock is owned by corporate insiders.
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About Cincinnati Financial
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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