Louisiana State Employees Retirement System buys 100 shares of Cincinnati Financial Co. (NASDAQ: CINF)
Louisiana State Employees Retirement System increased its holdings of Cincinnati Financial Co. stock (NASDAQ: CINF – Get a rating) by 1.1% during the 1st quarter, according to its last 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 9,500 shares of the insurance provider after purchasing an additional 100 shares during the quarter. The Louisiana State Employees Retirement System holdings in Cincinnati Financial were worth $1,342,000 at the end of the last reporting period.
A number of other large investors also changed their CINF holdings. Millennium Management LLC increased its stake in Cincinnati Financial shares by 210.8% during the 4th quarter. Millennium Management LLC now owns 505,893 shares of the insurance provider worth $57,636,000 after purchasing an additional 343,127 shares in the last quarter. State Street Corp increased its stake in Cincinnati Financial by 2.2% in the fourth quarter. State Street Corp now owns 8,759,610 shares of the insurance provider valued at $1,003,403,000 after buying an additional 186,138 shares in the last quarter. Pinebridge Investments LP increased its stake in Cincinnati Financial by 85.0% in the fourth quarter. Pinebridge Investments LP now owns 223,827 shares of the insurance provider valued at $25,501,000 after buying an additional 102,824 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Cincinnati Financial in Q4, valued at approximately $11,379,000. Finally, Paradigm Financial Partners LLC increased its stake in Cincinnati Financial by 572.4% in the fourth quarter. Paradigm Financial Partners LLC now owns 101,948 shares of the insurance provider valued at $12,181,000 after purchasing an additional 86,786 shares in the last quarter. 66.34% of the shares are currently held by hedge funds and other institutional investors.
Shares of NASDAQ: CINF opened at $118.64 on Friday. The company’s 50-day moving average price is $122.11 and its two-hundred-day moving average price is $124.19. Cincinnati Financial Co. has a 12-month low of $108.88 and a 12-month high of $143.22. The company has a market capitalization of $19.02 billion, a PE ratio of 9.42 and a beta of 0.68. The company has a quick ratio of 0.29, a current ratio of 0.29 and a leverage ratio of 0.07.
Cincinnati Financial (NASDAQ: CINF – Get a rating) last announced its results on Thursday, April 28. The insurance provider reported earnings per share (EPS) of $1.58 for the quarter, beating analyst consensus estimates of $1.48 by $0.10. Cincinnati Financial had a net margin of 23.82% and a return on equity of 8.79%. The company posted revenue of $1.22 billion for the quarter, compared to analysts’ estimates of $1.83 billion. In the same quarter a year earlier, the company posted EPS of $1.37. The company’s revenues were down 45.4% from the same quarter last year. On average, research analysts expect Cincinnati Financial Co. to post EPS of 5.67 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Friday, June 17 will receive a dividend of $0.69. The ex-dividend date is Thursday, June 16. This represents a dividend of $2.76 on an annualized basis and a yield of 2.33%. Cincinnati Financial’s dividend payout ratio (DPR) is 21.92%.
In other Cincinnati Financial News, Director Dirk J. Debbink bought 410 shares of Cincinnati Financial in a trade on Friday, May 20. The shares were purchased at an average price of $120.67 per share, with a total value of $49,474.70. Following the acquisition, the administrator now owns 43,507 shares of the company, valued at approximately $5,249,989.69. The acquisition was disclosed in a legal filing with the SEC, accessible via this link. 2.95% of the shares are held by insiders.
Separately, StockNews.com began covering Cincinnati Financial shares in a research note on Thursday, March 31. They issued a “holding” rating on the stock.
Cincinnati Financial Company Profile (Get a rating)
Cincinnati Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in the United States. The Company operates through five segments: Commercial Insurance, Personal Insurance, Excess and Surplus Insurance, Life Insurance and Investments. The Commercial Lines Insurance segment provides coverage for commercial accident, commercial property, commercial automobile and workers’ compensation.
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