Avanza Fonder AB Lowers Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Avanza Fonder AB cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 29.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,543 shares of the insurance provider's stock after selling 3,970 shares during the period. Avanza Fonder AB's holdings in Cincinnati Financial were worth $1,408,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Park National Corp OH boosted its position in Cincinnati Financial by 0.6% in the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after purchasing an additional 72 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Cincinnati Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after purchasing an additional 91 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Cincinnati Financial by 0.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after purchasing an additional 94 shares during the last quarter. GoalVest Advisory LLC boosted its position in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after purchasing an additional 102 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in Cincinnati Financial by 18.3% in the fourth quarter. Global Retirement Partners LLC now owns 667 shares of the insurance provider's stock worth $96,000 after purchasing an additional 103 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded down $1.89 during trading on Friday, hitting $146.36. The company had a trading volume of 440,848 shares, compared to its average volume of 661,942. The stock has a 50 day simple moving average of $142.63 and a 200 day simple moving average of $142.95. 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 12 month low of $111.92 and a 12 month high of $161.75. The firm has a market capitalization of $22.88 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company earned $1.72 earnings per share. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.38%. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Analyst Ratings Changes

CINF has been the topic of several recent research reports. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.