Aspiriant LLC Sells 3,315 Shares of Cincinnati Financial Corporation $CINF

Key Points

• Aspiriant LLC has reduced its stake in Cincinnati Financial Corporation (CINF) by 10.0%, selling 3,315 shares and bringing its total holdings to 29,934 shares valued at approximately $4.46 million.
• Several institutional investors have increased their positions in Cincinnati Financial, with 65.24% of the stock currently owned by such investors.
• Cincinnati Financial announced a quarterly dividend of $0.87 per share, reflecting an annualized dividend yield of 2.3%, with a healthy dividend payout ratio of 30.18%.

Aspiriant LLC trimmed its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 10.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,934 shares of the insurance provider's stock after selling 3,315 shares during the period. Aspiriant LLC's holdings in Cincinnati Financial were worth $4,458,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC grew its position in Cincinnati Financial by 5.0% in the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider's stock worth $226,000 after purchasing an additional 72 shares in the last quarter. Spire Wealth Management grew its position in Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares in the last quarter. 3Chopt Investment Partners LLC grew its position in Cincinnati Financial by 5.7% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider's stock worth $246,000 after purchasing an additional 89 shares in the last quarter. CWA Asset Management Group LLC grew its position in Cincinnati Financial by 4.1% in the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after purchasing an additional 94 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. grew its position in Cincinnati Financial by 5.2% in the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock worth $279,000 after purchasing an additional 94 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CINF shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Roth Capital increased their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.25.

Cincinnati Financial Stock Up 1.1%

Cincinnati Financial stock opened at $153.02 on Friday. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $166.90. The firm has a 50 day moving average price of $155.54 and a 200-day moving average price of $148.34. The company has a market capitalization of $23.93 billion, a P/E ratio of 13.27, a P/E/G ratio of 7.09 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.39 by $0.58. The company had revenue of $2.48 billion during 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%. Cincinnati Financial's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. As a group, equities analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.3%. Cincinnati Financial's dividend payout ratio (DPR) is 30.18%.

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.

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