Cincinnati Financial Corporation (NASDAQ:CINF) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,385 shares of the insurance provider's stock after selling 3,108 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.07% of Cincinnati Financial worth $17,340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Verity & Verity LLC increased its position in shares of Cincinnati Financial by 3.4% in the 1st quarter. Verity & Verity LLC now owns 101,920 shares of the insurance provider's stock valued at $15,056,000 after acquiring an additional 3,347 shares during the period. Total Wealth Planning LLC raised its stake in shares of Cincinnati Financial by 13.4% in the first quarter. Total Wealth Planning LLC now owns 1,754 shares of the insurance provider's stock worth $259,000 after purchasing an additional 207 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Cincinnati Financial by 11.0% during the first quarter. Simon Quick Advisors LLC now owns 1,734 shares of the insurance provider's stock worth $256,000 after purchasing an additional 172 shares during the period. Capital Advisors Ltd. LLC boosted its position in Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after buying an additional 250 shares during the last quarter. Finally, Curbstone Financial Management Corp increased its holdings in Cincinnati Financial by 16.3% in the 1st quarter. Curbstone Financial Management Corp now owns 4,128 shares of the insurance provider's stock worth $610,000 after buying an additional 578 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Cincinnati Financial stock traded up $2.04 during mid-day trading on Thursday, hitting $145.76. The company had a trading volume of 337,566 shares, compared to its average volume of 659,097. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 9.54 and a beta of 0.78. Cincinnati Financial Corporation has a 12-month low of $114.41 and a 12-month high of $161.75. The company's fifty day moving average is $144.80 and its 200-day moving average is $142.27. 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 posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The business's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 EPS. Equities research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's payout ratio is currently 37.95%.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.