Cresset Asset Management LLC Decreases Position in Cincinnati Financial Co. (NASDAQ:CINF)

Cresset Asset Management LLC reduced its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,426 shares of the insurance provider's stock after selling 7,697 shares during the quarter. Cresset Asset Management LLC's holdings in Cincinnati Financial were worth $2,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd increased its holdings in Cincinnati Financial by 121.8% in the 4th 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 during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Cincinnati Financial by 157.7% in the 4th 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 period. McClarren Financial Advisors Inc. acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $50,000. Finally, Kentucky Trust Co acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Down 1.0%

NASDAQ CINF traded down $1.44 on Tuesday, hitting $148.56. 718,218 shares of the company were exchanged, compared to its average volume of 665,112. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75. The firm has a market capitalization of $23.22 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The company's 50 day moving average price is $139.72 and its 200-day moving average price is $142.89.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion for 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 company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. Analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company 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. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. Cincinnati Financial's payout ratio is presently 37.95%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two 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, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Company 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.