Guggenheim Capital LLC Raises Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Guggenheim Capital LLC lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 231.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,850 shares of the insurance provider’s stock after buying an additional 10,370 shares during the period. Guggenheim Capital LLC’s holdings in Cincinnati Financial were worth $2,134,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the 4th quarter worth $27,000. Y.D. More Investments Ltd increased its stake in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after buying an additional 205 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in Cincinnati Financial in the 4th quarter worth about $50,000. Finally, Kentucky Trust Co purchased a new stake in Cincinnati Financial in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CINF. Roth Mkm increased their price objective on shares of 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 decreased their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $132.24 on Friday. The company’s fifty day simple moving average is $139.55 and its 200-day simple moving average is $142.58. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a market cap of $20.70 billion, a PE ratio of 9.11, a P/E/G ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were given a dividend of $0.87 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, March 24th. Cincinnati Financial’s payout ratio is presently 23.97%.

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.