Teza Capital Management LLC Acquires New Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Teza Capital Management LLC bought a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,683 shares of the insurance provider’s stock, valued at approximately $242,000.

Several other hedge funds also recently bought and sold shares of CINF. Simon Quick Advisors LLC grew its stake in shares of Cincinnati Financial by 5.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after buying an additional 74 shares in the last quarter. Weaver Capital Management LLC boosted its holdings in Cincinnati Financial by 2.0% during the 4th quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider’s stock valued at $599,000 after acquiring an additional 81 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in Cincinnati Financial by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider’s stock valued at $2,871,000 after acquiring an additional 91 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Cincinnati Financial by 0.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider’s stock worth $2,147,000 after purchasing an additional 94 shares during the period. Finally, Daymark Wealth Partners LLC increased its stake in Cincinnati Financial by 0.5% during the fourth quarter. Daymark Wealth Partners LLC now owns 19,582 shares of the insurance provider’s stock worth $2,814,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Roth Mkm raised their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Price Performance

CINF stock opened at $150.17 on Wednesday. The business’s 50-day moving average is $140.82 and its two-hundred day moving average is $143.18. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm has a market capitalization of $23.47 billion, a P/E ratio of 10.34, a P/E/G ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 1 year low of $111.92 and a 1 year high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. Analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is presently 37.95%.

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.