Brendel Financial Advisors LLC Lowers Stake in Cincinnati Financial Corporation (NASDAQ:CINF)

Brendel Financial Advisors LLC decreased its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 89.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,893 shares of the insurance provider's stock after selling 24,511 shares during the quarter. Brendel Financial Advisors LLC's holdings in Cincinnati Financial were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Canton Hathaway LLC purchased a new position in shares of Cincinnati Financial in the first quarter worth approximately $48,000. Weaver Capital Management LLC boosted its holdings in shares of Cincinnati Financial by 5.2% in the first quarter. Weaver Capital Management LLC now owns 4,384 shares of the insurance provider's stock worth $648,000 after buying an additional 217 shares during the last quarter. Praxis Investment Management Inc. boosted its holdings in shares of Cincinnati Financial by 89.0% in the first quarter. Praxis Investment Management Inc. now owns 10,832 shares of the insurance provider's stock worth $1,600,000 after buying an additional 5,100 shares during the last quarter. United Advisor Group LLC lifted its holdings in Cincinnati Financial by 47.9% during the first quarter. United Advisor Group LLC now owns 6,900 shares of the insurance provider's stock valued at $1,019,000 after purchasing an additional 2,234 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its holdings in Cincinnati Financial by 14.1% during the first quarter. ORG Wealth Partners LLC now owns 5,517 shares of the insurance provider's stock valued at $814,000 after purchasing an additional 683 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analysts Set New Price Targets

CINF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

CINF traded up $1.80 during trading hours on Monday, hitting $147.24. The company's stock had a trading volume of 590,929 shares, compared to its average volume of 660,278. The business's 50-day moving average price is $144.02 and its 200-day moving average price is $142.29. Cincinnati Financial Corporation has a 12 month low of $113.70 and a 12 month high of $161.75. The stock has a market cap of $23.01 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 9.66 and a beta of 0.78. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the previous year, the business posted $1.72 earnings per share. Cincinnati Financial's quarterly revenue was up 13.2% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. Cincinnati Financial's dividend payout ratio is presently 37.95%.

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.