Vest Financial LLC Grows Position in Cincinnati Financial Co. (NASDAQ:CINF)

Vest Financial LLC grew its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,135 shares of the insurance provider's stock after purchasing an additional 40,540 shares during the period. Cincinnati Financial makes up 1.1% of Vest Financial LLC's investment portfolio, making the stock its 8th largest holding. Vest Financial LLC owned approximately 0.30% of Cincinnati Financial worth $69,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of Cincinnati Financial by 13.6% during the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after buying an additional 2,122 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after purchasing an additional 2,383 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Cincinnati Financial in the 4th quarter worth $4,935,000. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Cincinnati Financial by 7.4% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider's stock valued at $55,802,000 after purchasing an additional 25,926 shares during the period. Finally, Aviva PLC raised its stake in shares of Cincinnati Financial by 68.0% in the fourth quarter. Aviva PLC now owns 9,731 shares of the insurance provider's stock worth $1,398,000 after buying an additional 3,938 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analyst Weigh In

CINF has been the topic of a number of analyst reports. Roth Mkm lifted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Trading Down 1.9%

CINF traded down $2.86 during trading hours on Monday, reaching $148.17. 120,952 shares of the company's stock traded hands, compared to its average volume of 662,691. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75. The firm has a market capitalization of $23.16 billion, a PE ratio of 10.20, a PEG ratio of 8.30 and a beta of 0.78. The firm has a 50-day moving average price of $141.43 and a 200 day moving average price of $143.11. The company has a quick ratio of 0.31, a current 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.35%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

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.