Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 17.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,320 shares of the insurance provider’s stock after selling 477 shares during the period. Virtu Financial LLC’s holdings in Cincinnati Financial were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial during the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial in the third quarter valued at approximately $28,000. Y.D. More Investments Ltd increased its holdings in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the period. True Wealth Design LLC purchased a new position in Cincinnati Financial during the 3rd quarter worth approximately $42,000. Finally, Quarry LP acquired a new stake in Cincinnati Financial during the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $147.54 on Friday. The company has a 50 day moving average price of $140.48 and a 200-day moving average price of $142.64. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. 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 (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Equities research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.36%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm increased their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target of $154.20.

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.