Wealth Enhancement Advisory Services LLC Sells 3,108 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Wealth Enhancement Advisory Services LLC trimmed its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,385 shares of the insurance provider's stock after selling 3,108 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Cincinnati Financial worth $17,340,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC lifted its stake in shares of Cincinnati Financial by 65.4% in the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 102 shares during the period. Whipplewood Advisors LLC lifted its holdings in shares of Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Cincinnati Financial by 5,000.0% during the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock worth $38,000 after acquiring an additional 250 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in Cincinnati Financial by 62.7% during the 4th quarter. Optiver Holding B.V. now owns 358 shares of the insurance provider's stock worth $51,000 after acquiring an additional 138 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF stock traded up $2.67 during trading hours on Monday, reaching $147.24. The company's stock had a trading volume of 588,765 shares, compared to its average volume of 660,269. The company has a quick ratio of 0.29, a current 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. The company has a market capitalization of $23.01 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 9.66 and a beta of 0.78. The firm's 50 day simple moving average is $144.02 and its 200-day simple moving average is $142.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating 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 business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The firm's revenue was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued 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 2.36%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CINF shares. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

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.