Opus Capital Group LLC Has $413,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Opus Capital Group LLC lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 64.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,990 shares of the insurance provider’s stock after acquiring an additional 1,562 shares during the quarter. Opus Capital Group LLC’s holdings in Cincinnati Financial were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Cincinnati Financial during the fourth quarter valued at about $149,585,000. Los Angeles Capital Management LLC increased its holdings in shares of Cincinnati Financial by 554.7% during the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after buying an additional 939,861 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock worth $60,350,000 after buying an additional 440,158 shares in the last quarter. State Street Corp increased its holdings in shares of Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock worth $1,246,056,000 after buying an additional 360,552 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Cincinnati Financial by 1,870.3% during the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock worth $28,031,000 after buying an additional 260,122 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded down $1.77 on Wednesday, reaching $115.30. 875,982 shares of the company’s stock were exchanged, compared to its average volume of 876,189. The company has a fifty day moving average of $116.41 and a 200-day moving average of $108.23. Cincinnati Financial Co. has a twelve month low of $95.01 and a twelve month high of $124.35. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 2.40 and a beta of 0.63. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts predict that Cincinnati Financial Co. will post 6.2 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, March 18th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s dividend payout ratio is 27.76%.

Analysts Set New Price Targets

CINF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Piper Sandler reissued a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Finally, Citigroup raised their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.57.

Cincinnati Financial Company 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.