Lighthouse Investment Partners LLC Raises Position in Cincinnati Financial Co. (NASDAQ:CINF)

Lighthouse Investment Partners LLC lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,869 shares of the insurance provider’s stock after purchasing an additional 6,303 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.07% of Cincinnati Financial worth $16,219,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CINF. Oak Thistle LLC boosted its position in shares of Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock valued at $1,232,000 after buying an additional 5,485 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after acquiring an additional 5,097 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after acquiring an additional 2,383 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Cincinnati Financial during the 4th quarter valued at $4,935,000. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in Cincinnati Financial by 25.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock valued at $50,652,000 after acquiring an additional 70,408 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CINF shares. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. StockNews.com raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered their price objective 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.40.

Cincinnati Financial Stock Up 0.8%

NASDAQ:CINF opened at $147.80 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. The company has a 50-day moving average of $139.59 and a 200 day moving average of $142.83. The firm has a market cap of $23.10 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73.

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

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.35%. Cincinnati Financial’s dividend payout ratio is currently 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.