Cincinnati Financial Co. (NASDAQ:CINF) Stake Lessened by First Financial Bank Trust Division

First Financial Bank Trust Division reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,345 shares of the insurance provider's stock after selling 2,074 shares during the quarter. Cincinnati Financial comprises 1.7% of First Financial Bank Trust Division's investment portfolio, making the stock its 14th biggest holding. First Financial Bank Trust Division owned 0.08% of Cincinnati Financial worth $17,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CINF. Vanguard Group Inc. grew its holdings in Cincinnati Financial by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after purchasing an additional 173,417 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after acquiring an additional 224,033 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cincinnati Financial by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after purchasing an additional 185,705 shares during the last quarter. Northern Trust Corp increased its stake 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 in the last quarter. Finally, Norges Bank purchased a new stake in Cincinnati Financial in the 4th quarter valued at approximately $223,959,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Roth Mkm upped their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Wall Street Zen raised shares of 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of CINF traded down $0.75 during mid-day trading on Monday, hitting $150.08. The stock had a trading volume of 154,906 shares, compared to its average volume of 662,508. Cincinnati Financial Co. has a fifty-two week low of $111.92 and a fifty-two week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $23.46 billion, a PE ratio of 10.34, a PEG ratio of 8.30 and a beta of 0.73. The company's fifty day simple moving average is $141.05 and its two-hundred day simple moving average is $143.16.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) 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 firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. On average, equities analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.32%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

About Cincinnati Financial

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.