Atria Investments Inc Trims Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Atria Investments Inc cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,729 shares of the insurance provider’s stock after selling 1,755 shares during the quarter. Atria Investments Inc’s holdings in Cincinnati Financial were worth $2,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth about $28,000. Y.D. More Investments Ltd raised its holdings in shares of 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 purchasing an additional 106 shares during the period. True Wealth Design LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth about $42,000. Finally, Quarry LP purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth about $43,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

CINF stock opened at $139.96 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.74. The firm has a market cap of $21.91 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The stock has a 50-day simple moving average of $139.55 and a 200-day simple moving average of $141.82.

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%. On average, equities analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share 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 paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CINF. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

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.