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

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CINF. Park National Corp OH grew its holdings in shares of Cincinnati Financial by 0.6% during the 1st 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 in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Cincinnati Financial by 0.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after buying an additional 91 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of Cincinnati Financial by 0.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after buying an additional 94 shares during the last quarter. GoalVest Advisory LLC lifted its position in shares of Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Cincinnati Financial by 18.3% during the 4th quarter. Global Retirement Partners LLC now owns 667 shares of the insurance provider's stock worth $96,000 after buying an additional 103 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 1.3%

Cincinnati Financial stock traded down $1.89 during mid-day trading on Friday, reaching $146.36. The stock had a trading volume of 440,848 shares, compared to its average volume of 661,907. 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 fifty-two week low of $112.27 and a fifty-two week high of $161.75. The stock's 50-day simple moving average is $142.63 and its 200-day simple moving average is $142.83. The firm has a market capitalization of $22.88 billion, a PE 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 announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 37.95%.

Analyst Ratings Changes

Several research firms have commented on CINF. Keefe, Bruyette & Woods dropped 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. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Cincinnati Financial 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.