Brendel Financial Advisors LLC Has $427,000 Position in Cincinnati Financial Corporation (NASDAQ:CINF)

Brendel Financial Advisors LLC trimmed its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 89.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,893 shares of the insurance provider's stock after selling 24,511 shares during the period. Brendel Financial Advisors LLC's holdings in Cincinnati Financial were worth $427,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CINF. Capital Advisors Ltd. LLC grew its position in shares of Cincinnati Financial by 5,000.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 250 shares during the period. GoalVest Advisory LLC lifted its stake in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after buying an additional 200 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Cincinnati Financial during the first quarter worth $47,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Cincinnati Financial during the first quarter worth $48,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Down 2.0%

Shares of Cincinnati Financial stock traded down $2.97 during trading hours on Wednesday, reaching $143.72. 645,585 shares of the company's stock were exchanged, compared to its average volume of 660,413. The stock has a market cap of $22.46 billion, a P/E ratio of 15.67, a P/E/G ratio of 9.74 and a beta of 0.78. The company has a 50 day moving average of $144.57 and a two-hundred day moving average of $142.26. 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 Corporation has a fifty-two week low of $113.70 and a fifty-two week high of $161.75.

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

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is currently 37.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods cut 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 Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.