Trexquant Investment LP Boosts Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Trexquant Investment LP increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,717 shares of the insurance provider’s stock after purchasing an additional 1,711 shares during the quarter. Trexquant Investment LP’s holdings in Cincinnati Financial were worth $3,385,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its position in shares of Cincinnati Financial by 61.5% during the 4th quarter. Teacher Retirement System of Texas now owns 160,543 shares of the insurance provider’s stock valued at $16,610,000 after buying an additional 61,136 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Cincinnati Financial in the 4th quarter valued at about $21,036,000. HHM Wealth Advisors LLC lifted its stake in Cincinnati Financial by 691.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 17,331 shares of the insurance provider’s stock valued at $1,793,000 after buying an additional 15,140 shares in the last quarter. Mizuho Markets Americas LLC boosted its holdings in Cincinnati Financial by 46.1% in the 4th quarter. Mizuho Markets Americas LLC now owns 45,892 shares of the insurance provider’s stock worth $4,748,000 after buying an additional 14,490 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Cincinnati Financial by 92.6% during the third quarter. The Manufacturers Life Insurance Company now owns 236,410 shares of the insurance provider’s stock valued at $24,182,000 after acquiring an additional 113,653 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

CINF has been the topic of a number of research analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Citigroup boosted their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $126.00.

Cincinnati Financial Stock Down 1.4 %

Shares of CINF opened at $117.11 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07. The firm has a market cap of $18.33 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. The company’s 50-day moving average price is $118.84 and its 200 day moving average price is $111.31. Cincinnati Financial Co. has a 12-month low of $95.01 and a 12-month high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 6.37 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio (DPR) is 21.56%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $113.47 per share, with a total value of $113,470.00. Following the completion of the transaction, the director now owns 53,988 shares of the company’s stock, valued at $6,126,018.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.83% of the stock is currently owned by corporate insiders.

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.