Baird Financial Group Inc. Trims Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Baird Financial Group Inc. reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,110 shares of the insurance provider's stock after selling 8,511 shares during the quarter. Baird Financial Group Inc. owned about 0.06% of Cincinnati Financial worth $13,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

CINF has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Trading Up 0.8 %

CINF stock traded up $1.13 during mid-day trading on Friday, reaching $147.80. 503,004 shares of the stock traded hands, compared to its average volume of 662,450. The business has a 50-day moving average price of $139.59 and a two-hundred day moving average price of $142.77. The stock has a market capitalization of $23.10 billion, a PE ratio of 10.18, a PEG ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. During the same period in the prior year, the company posted $1.72 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's payout ratio is currently 37.95%.

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.