Donaldson Capital Management LLC Decreases Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Donaldson Capital Management LLC cut its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,307 shares of the insurance provider's stock after selling 1,836 shares during the quarter. Donaldson Capital Management LLC's holdings in Cincinnati Financial were worth $3,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GoalVest Advisory LLC lifted its holdings in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares during the period. Whipplewood Advisors LLC raised its position in shares of Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after acquiring an additional 200 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Cincinnati Financial by 157.7% in the 4th 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 during the period. McClarren Financial Advisors Inc. bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $50,000. Finally, Kentucky Trust Co bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $51,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CINF. Keefe, Bruyette & Woods lowered their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Roth Mkm increased their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Stock Up 0.9%

Cincinnati Financial stock traded up $1.26 during mid-day trading on Thursday, hitting $148.25. The company had a trading volume of 438,329 shares, compared to its average volume of 662,264. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The company has a market capitalization of $23.17 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78. The stock's 50 day moving average price is $142.24 and its two-hundred day moving average price is $143.04. The company has a current ratio of 0.29, a quick ratio of 0.31 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, topping analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the previous year, the business posted $1.72 EPS. Cincinnati Financial's revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal 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 $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. 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.