Cincinnati Financial Corporation $CINF Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has reduced its stake in Cincinnati Financial Corporation by 4.9%, selling 6,900 shares in the first quarter, and now holds approximately 0.09% of the company valued at $18.28 million.
• Several institutional investors, including Smartleaf Asset Management and Bahl & Gaynor, have increased their positions in Cincinnati Financial, indicating a mixed investment sentiment among major stakeholders.
• Cincinnati Financial recently reported earnings of $1.97 per share, significantly exceeding analysts' expectations, and announced a quarterly dividend of $0.87, reflecting a stable dividend yield of 2.2%.

APG Asset Management N.V. lessened its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,700 shares of the insurance provider's stock after selling 6,900 shares during the period. APG Asset Management N.V. owned 0.09% of Cincinnati Financial worth $18,284,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CINF. M&T Bank Corp increased its holdings in shares of Cincinnati Financial by 12.7% in the first quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider's stock valued at $1,161,000 after purchasing an additional 887 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Cincinnati Financial by 4.1% during the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after buying an additional 94 shares during the last quarter. OLD Republic International Corp increased its stake in shares of Cincinnati Financial by 1.0% in the 1st quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider's stock worth $58,955,000 after acquiring an additional 4,000 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Cincinnati Financial by 88.4% in the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock worth $1,189,000 after acquiring an additional 3,776 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Cincinnati Financial by 8.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 65,356 shares of the insurance provider's stock worth $9,654,000 after acquiring an additional 5,159 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CINF shares. Roth Capital lifted their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $159.40.

Cincinnati Financial Stock Up 0.1%

Shares of NASDAQ:CINF traded up $0.16 during trading on Friday, hitting $153.56. The company's stock had a trading volume of 117,214 shares, compared to its average volume of 679,623. The business has a 50 day moving average price of $149.58 and a two-hundred day moving average price of $144.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $161.74. The company has a market capitalization of $24.01 billion, a PE ratio of 13.32, a P/E/G ratio of 7.54 and a beta of 0.70.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. As a group, research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial's payout ratio is 30.18%.

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.