Legal & General Group Plc Has $171.05 Million Stock Holdings in Cincinnati Financial Corporation $CINF

Legal & General Group Plc decreased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,148,600 shares of the insurance provider’s stock after selling 28,269 shares during the period. Legal & General Group Plc owned 0.73% of Cincinnati Financial worth $171,050,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GQG Partners LLC bought a new stake in shares of Cincinnati Financial during the first quarter worth approximately $270,005,000. Raymond James Financial Inc. lifted its holdings in Cincinnati Financial by 558.8% during the 1st quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock worth $79,909,000 after purchasing an additional 458,841 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cincinnati Financial by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock valued at $940,130,000 after purchasing an additional 358,018 shares during the period. Nuveen LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at $47,070,000. Finally, Woodline Partners LP grew its holdings in Cincinnati Financial by 3,392.1% in the 1st quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider’s stock valued at $48,423,000 after buying an additional 318,413 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Trading Up 1.4%

CINF opened at $166.02 on Monday. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $168.20. The company has a 50-day simple moving average of $158.66 and a 200 day simple moving average of $152.85. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 4.27 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.01 by $0.84. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.42 EPS. Analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, December 22nd. Cincinnati Financial’s payout ratio is currently 25.89%.

Insiders Place Their Bets

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, with a total value of $153,980.00. Following the acquisition, the director owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CINF shares. Roth Capital reissued a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday, October 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $171.67.

About Cincinnati Financial

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.