Janus Henderson Group PLC Trims Position in Cincinnati Financial Co. (NASDAQ:CINF)

Janus Henderson Group PLC lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,032 shares of the insurance provider’s stock after selling 142 shares during the quarter. Janus Henderson Group PLC’s holdings in Cincinnati Financial were worth $2,592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CINF. Barclays PLC boosted its stake in shares of Cincinnati Financial by 13.1% in the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock valued at $72,736,000 after buying an additional 61,801 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Cincinnati Financial in the fourth quarter valued at $614,000. HB Wealth Management LLC boosted its position in shares of Cincinnati Financial by 28.1% during the 4th quarter. HB Wealth Management LLC now owns 2,620 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 574 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Cincinnati Financial by 71.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 415 shares of the insurance provider’s stock worth $60,000 after purchasing an additional 173 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.5%

NASDAQ CINF opened at $150.17 on Wednesday. The company has a market capitalization of $23.47 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. 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 Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The company’s fifty day moving average price is $140.82 and its two-hundred day moving average price is $143.18.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. As a group, research analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.32%. Cincinnati Financial’s dividend payout ratio is currently 37.95%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price target on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.40.

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.