Bartlett & CO. Wealth Management LLC Grows Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,195 shares of the insurance provider's stock after acquiring an additional 3,574 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.08% of Cincinnati Financial worth $17,563,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. CWA Asset Management Group LLC boosted its position in shares of Cincinnati Financial by 4.1% during the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after buying an additional 94 shares during the period. Merit Financial Group LLC boosted its holdings in Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after acquiring an additional 3,776 shares during the period. Captrust Financial Advisors increased its stake in Cincinnati Financial by 13.6% during the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock worth $2,541,000 after purchasing an additional 2,122 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Cincinnati Financial by 7.4% in 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 in the last quarter. Finally, New York Life Investment Management LLC lifted its holdings in 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 worth $3,322,000 after buying an additional 2,383 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CINF. Keefe, Bruyette & Woods cut their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $150.50.

Cincinnati Financial Stock Up 1.9%

Shares of NASDAQ CINF traded up $2.78 during midday trading on Monday, hitting $149.01. 412,416 shares of the company's stock were exchanged, compared to its average volume of 656,929. The firm's fifty day simple moving average is $145.35 and its 200-day simple moving average is $142.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $23.29 billion, a PE ratio of 16.25, a P/E/G ratio of 9.71 and a beta of 0.78. Cincinnati Financial Corporation has a twelve month low of $114.75 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The company's revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. Research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS 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 is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.34%. 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.