Sepio Capital LP Has $2.23 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Sepio Capital LP trimmed its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 15,546 shares of the insurance provider’s stock after selling 902 shares during the quarter. Sepio Capital LP’s holdings in Cincinnati Financial were worth $2,234,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Cincinnati Financial during the fourth quarter worth $223,959,000. Charles Schwab Investment Management Inc. lifted its stake in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after purchasing an additional 224,033 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cincinnati Financial by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock worth $563,323,000 after purchasing an additional 185,705 shares during the period. Vanguard Group Inc. increased its position in Cincinnati Financial by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock worth $2,754,399,000 after buying an additional 173,417 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Cincinnati Financial by 33.5% in the fourth quarter. California Public Employees Retirement System now owns 668,341 shares of the insurance provider’s stock valued at $96,041,000 after buying an additional 167,898 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm upped their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $154.20.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $131.69 on Friday. The stock has a 50 day simple moving average of $141.11 and a 200 day simple moving average of $143.01. The stock has a market cap of $20.62 billion, a P/E ratio of 9.07, a PEG ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.64%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

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.