Farmers Trust Co. Has $3.02 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Farmers Trust Co. decreased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,414 shares of the insurance provider's stock after selling 1,740 shares during the quarter. Farmers Trust Co.'s holdings in Cincinnati Financial were worth $3,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Cincinnati Financial by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after purchasing an additional 224,033 shares during the period. Geode Capital Management LLC grew its holdings in shares of Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after purchasing an additional 185,705 shares during the period. Northern Trust Corp grew its holdings in shares of Cincinnati Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after purchasing an additional 162,714 shares during the period. Finally, Norges Bank purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth about $223,959,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Price Performance

CINF stock traded up $0.02 during trading hours on Friday, hitting $149.99. 1,106,734 shares of the stock traded hands, compared to its average volume of 664,526. The stock has a 50-day simple moving average of $141.05 and a 200 day simple moving average of $143.26. The company has a market cap of $23.44 billion, a P/E ratio of 10.33, a P/E/G ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75. 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 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 return on equity of 9.01% and a net margin of 20.22%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. Cincinnati Financial's revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, June 23rd. 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.