Donaldson Capital Management LLC Has $3.59 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Donaldson Capital Management LLC decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,307 shares of the insurance provider's stock after selling 1,836 shares during the period. Donaldson Capital Management LLC's holdings in Cincinnati Financial were worth $3,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Park National Corp OH boosted its position in shares of Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after purchasing an additional 72 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Cincinnati Financial by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after purchasing an additional 91 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Cincinnati Financial by 0.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after purchasing an additional 94 shares in the last quarter. GoalVest Advisory LLC boosted its position in shares of Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after purchasing an additional 102 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Cincinnati Financial by 18.3% during the fourth quarter. Global Retirement Partners LLC now owns 667 shares of the insurance provider's stock worth $96,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 1.3%

NASDAQ:CINF traded down $1.89 on Friday, hitting $146.36. 440,848 shares of the company's stock were exchanged, compared to its average volume of 661,907. The firm has a 50-day moving average price of $142.63 and a 200-day moving average price of $142.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 52 week low of $112.27 and a 52 week high of $161.75. The company has a market cap of $22.88 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the firm posted $1.72 EPS. The company's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared 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 2.38%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CINF. Keefe, Bruyette & Woods reduced their target price 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 research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and a consensus price target 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.