Pallas Capital Advisors LLC Has $214,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Pallas Capital Advisors LLC decreased its position in Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 48.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,070 shares of the insurance provider’s stock after selling 1,964 shares during the period. Pallas Capital Advisors LLC’s holdings in Cincinnati Financial were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Cincinnati Financial in the 4th quarter worth about $149,585,000. Los Angeles Capital Management LLC grew its position in shares of Cincinnati Financial by 554.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock valued at $113,470,000 after acquiring an additional 939,861 shares during the period. Select Equity Group L.P. grew its position in shares of Cincinnati Financial by 294.9% during the 4th quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock valued at $60,350,000 after acquiring an additional 440,158 shares during the period. State Street Corp grew its position in shares of Cincinnati Financial by 4.1% during the 1st quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock valued at $1,246,056,000 after acquiring an additional 360,552 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Cincinnati Financial by 1,870.3% during the 3rd quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after acquiring an additional 260,122 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $121.65 on Wednesday. The company’s fifty day moving average price is $114.64 and its 200-day moving average price is $107.19. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 1.34 and a beta of 0.63. Cincinnati Financial Co. has a one year low of $95.01 and a one year high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.33. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 EPS. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 6.18 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be issued a $0.81 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, March 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.66%. Cincinnati Financial’s dividend payout ratio is presently 27.76%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CINF shares. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Janney Montgomery Scott initiated coverage on shares of Cincinnati Financial in a research note on Thursday, December 14th. They set a “neutral” rating and a $110.00 price target on the stock. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Piper Sandler restated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research note on Monday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.57.

Check Out Our Latest Stock Report on CINF

About Cincinnati Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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