AQR Capital Management LLC Sells 133,594 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

AQR Capital Management LLC cut its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 887,839 shares of the insurance provider's stock after selling 133,594 shares during the period. AQR Capital Management LLC owned approximately 0.57% of Cincinnati Financial worth $127,254,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial during the fourth quarter worth about $27,000. Y.D. More Investments Ltd boosted its position in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after acquiring an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Cincinnati Financial in the 4th quarter valued at $50,000. Finally, Kentucky Trust Co bought a new position in Cincinnati Financial in the fourth quarter valued at about $51,000. 65.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Trading Up 0.7 %

Cincinnati Financial stock traded up $0.99 during mid-day trading on Monday, hitting $144.57. 71,229 shares of the stock were exchanged, compared to its average volume of 659,763. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The firm's fifty day simple moving average is $139.48 and its two-hundred day simple moving average is $142.61. The stock has a market capitalization of $22.60 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 8.30 and a beta of 0.53. 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 - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The business's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. Analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.41%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Cincinnati Financial 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.