SG Americas Securities LLC Has $20.23 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

SG Americas Securities LLC lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3,381.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,768 shares of the insurance provider’s stock after buying an additional 136,725 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Cincinnati Financial worth $20,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial during the third quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial during the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial during the third quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $138.01 on Thursday. The firm’s fifty day moving average price is $148.24 and its two-hundred day moving average price is $138.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $21.57 billion, a P/E ratio of 7.09, a P/E/G ratio of 2.47 and a beta of 0.71. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. Equities analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is 16.65%.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $143.33.

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.