Teacher Retirement System of Texas bought a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 42,812 shares of the insurance provider’s stock, valued at approximately $3,210,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its position in shares of Cincinnati Financial by 12,727.3% during the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Cincinnati Financial during the fourth quarter worth about $139,000. Csenge Advisory Group bought a new position in shares of Cincinnati Financial during the third quarter worth about $206,000. Magnetar Financial LLC bought a new position in shares of Cincinnati Financial during the third quarter worth about $219,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Cincinnati Financial during the third quarter worth about $222,000. Institutional investors own 63.99% of the company’s stock.
In other Cincinnati Financial news, Director Douglas S. Skidmore bought 650 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $70.65 per share, with a total value of $45,922.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.25% of the company’s stock.
Shares of Cincinnati Financial Co. (CINF) opened at $77.19 on Tuesday. Cincinnati Financial Co. has a one year low of $68.49 and a one year high of $81.98. The company has a market capitalization of $12,651.44, a P/E ratio of 12.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.28.
Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. analysts forecast that Cincinnati Financial Co. will post 3.3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.12 annualized dividend and a yield of 2.75%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s dividend payout ratio (DPR) is currently 31.75%.
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Cincinnati Financial Profile
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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