Orion Portfolio Solutions LLC Lowers Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Orion Portfolio Solutions LLC reduced its position in Cincinnati Financial Co. (NASDAQ:CINF) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,045 shares of the insurance provider’s stock after selling 9,294 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Cincinnati Financial were worth $5,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cincinnati Financial in the 4th quarter worth about $223,959,000. AssuredPartners Investment Advisors LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth approximately $708,000. NEOS Investment Management LLC raised its holdings in Cincinnati Financial by 25.6% in the fourth quarter. NEOS Investment Management LLC now owns 6,074 shares of the insurance provider’s stock valued at $873,000 after buying an additional 1,238 shares during the period. UniSuper Management Pty Ltd lifted its position in Cincinnati Financial by 17.0% during the fourth quarter. UniSuper Management Pty Ltd now owns 17,423 shares of the insurance provider’s stock valued at $2,504,000 after buying an additional 2,531 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Cincinnati Financial by 5.6% during the fourth quarter. JPMorgan Chase & Co. now owns 470,279 shares of the insurance provider’s stock worth $67,579,000 after buying an additional 24,942 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Price Performance

CINF opened at $145.55 on Friday. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 8.30 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $140.57 and a 200 day simple moving average of $142.73.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.39%. Cincinnati Financial’s payout ratio is currently 23.97%.

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.