Brandywine Global Investment Management LLC Reduces Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Brandywine Global Investment Management LLC trimmed its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,097 shares of the insurance provider’s stock after selling 6,676 shares during the period. Brandywine Global Investment Management LLC owned about 0.05% of Cincinnati Financial worth $11,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial in the fourth quarter valued at $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth about $28,000. Y.D. More Investments Ltd raised its stake in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 106 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Cincinnati Financial during the third quarter worth about $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial in the third quarter worth about $43,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.20.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $147.72 on Tuesday. The company has a market cap of $23.13 billion, a P/E ratio of 10.17, a PEG ratio of 8.30 and a beta of 0.66. The business has a 50 day moving average of $140.71 and a two-hundred day moving average of $142.88. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

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

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. This is a positive change 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.