Duality Advisers LP boosted its place in Cincinnati Monetary Co. (NASDAQ:CINF – Get Score) by 134.7% through the third quarter, in response to the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The fund owned 22,638 shares of the insurance coverage supplier’s inventory after buying an extra 12,992 shares through the quarter. Duality Advisers LP’s holdings in Cincinnati Monetary have been price $2,028,000 as of its most up-to-date submitting with the Securities & Trade Fee.
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Various different massive buyers additionally just lately modified their holdings of the corporate. Vanguard Group Inc. lifted its place in shares of Cincinnati Monetary by 1.2% within the 1st quarter. Vanguard Group Inc. now owns 18,044,861 shares of the insurance coverage supplier’s inventory price $2,453,379,000 after buying an extra 211,402 shares through the interval. State Avenue Corp raised its place in shares of Cincinnati Monetary by 4.1% within the 1st quarter. State Avenue Corp now owns 9,120,162 shares of the insurance coverage supplier’s inventory price $1,246,056,000 after buying an extra 360,552 shares within the final quarter. Charles Schwab Funding Administration Inc. lifted its stake in shares of Cincinnati Monetary by 7.8% within the 1st quarter. Charles Schwab Funding Administration Inc. now owns 2,422,692 shares of the insurance coverage supplier’s inventory valued at $329,390,000 after buying an extra 175,968 shares through the interval. Massachusetts Monetary Companies Co. MA boosted its place in shares of Cincinnati Monetary by 3.0% through the second quarter. Massachusetts Monetary Companies Co. MA now owns 622,169 shares of the insurance coverage supplier’s inventory valued at $74,026,000 after buying an extra 17,876 shares within the final quarter. Lastly, Sumitomo Mitsui Belief Holdings Inc. grew its stake in Cincinnati Monetary by 0.9% within the third quarter. Sumitomo Mitsui Belief Holdings Inc. now owns 452,685 shares of the insurance coverage supplier’s inventory price $40,547,000 after buying an extra 4,067 shares through the interval. 66.34% of the inventory is owned by hedge funds and different institutional buyers.
Insider Transactions at Cincinnati Monetary
In associated information, Director Dirk J. Debbink acquired 1,000 shares of the agency’s inventory in a transaction that occurred on Tuesday, December sixth. The inventory was purchased at a median worth of $106.13 per share, for a complete transaction of $106,130.00. Following the acquisition, the director now instantly owns 45,502 shares of the corporate’s inventory, valued at roughly $4,829,127.26. The acquisition was disclosed in a doc filed with the Securities & Trade Fee, which is accessible at the SEC web site. Firm insiders personal 2.95% of the corporate’s inventory.
Cincinnati Monetary Worth Efficiency
Shares of CINF inventory opened at $102.73 on Friday. The inventory’s 50-day shifting common worth is $106.31 and its 200-day shifting common worth is $103.16. Cincinnati Monetary Co. has a 12-month low of $88.66 and a 12-month excessive of $143.22. The corporate has a fast ratio of 0.29, a present ratio of 0.29 and a debt-to-equity ratio of 0.09.
Cincinnati Monetary (NASDAQ:CINF – Get Score) final posted its earnings outcomes on Monday, October thirty first. The insurance coverage supplier reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The agency had income of $1.41 billion for the quarter, in comparison with the consensus estimate of $1.61 billion. Cincinnati Monetary had a unfavourable internet margin of 0.43% and a optimistic return on fairness of seven.00%. The enterprise’s quarterly income was down 21.1% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the agency posted $1.28 EPS. Analysts count on that Cincinnati Monetary Co. will publish 4.2 earnings per share for the present 12 months.
Cincinnati Monetary Cuts Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Friday, January thirteenth. Stockholders of report on Friday, December sixteenth have been paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, December fifteenth. This represents a $2.40 dividend on an annualized foundation and a dividend yield of two.34%. Cincinnati Monetary’s dividend payout ratio is -766.67%.
Wall Avenue Analyst Weigh In
A number of equities analysis analysts have commented on the corporate. Piper Sandler boosted their goal worth on Cincinnati Monetary from $98.00 to $100.00 in a report on Tuesday, January tenth. StockNews.com downgraded shares of Cincinnati Monetary from a “maintain” ranking to a “promote” ranking in a analysis report on Wednesday, November ninth. Financial institution of America began protection on Cincinnati Monetary in a analysis word on Tuesday, September twenty seventh. They set a “impartial” ranking and a $92.00 goal worth on the inventory. BMO Capital Markets assumed protection on Cincinnati Monetary in a analysis word on Thursday. They issued a “market carry out” ranking and a $106.00 worth goal for the corporate. Lastly, MKM Companions elevated their worth goal on Cincinnati Monetary from $120.00 to $130.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, December fifth. One analyst has rated the inventory with a promote ranking, three have assigned a maintain ranking and one has given a purchase ranking to the inventory. In accordance with knowledge from MarketBeat, the inventory at the moment has a median ranking of “Maintain” and a consensus goal worth of $107.00.
About Cincinnati Monetary
Cincinnati Monetary Corp. offers property casualty and life insurance coverage providers. It operates by means of the next segments: Business Strains Insurance coverage, Private Strains Insurance coverage, Extra and Surplus Strains Insurance coverage, Life Insurance coverage, and Investments. The Business Strains Insurance coverage phase consists of business casualty, business property, business auto, employee’s compensation, and different business strains insurance coverage.
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