Fort Washington Investment Advisors Inc. OH Decreases Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Fort Washington Investment Advisors Inc. OH cut its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,502,095 shares of the insurance provider's stock after selling 8,753 shares during the period. Cincinnati Financial makes up 1.4% of Fort Washington Investment Advisors Inc. OH's portfolio, making the stock its 17th largest holding. Fort Washington Investment Advisors Inc. OH owned about 0.96% of Cincinnati Financial worth $221,889,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in Cincinnati Financial by 13.6% during the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after buying an additional 2,122 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Cincinnati Financial by 7.4% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider's stock valued at $55,802,000 after buying an additional 25,926 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after buying an additional 3,776 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after buying an additional 2,383 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at about $4,935,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CINF has been the subject of a number of research analyst reports. 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 report on Wednesday, April 9th. Wall Street Zen upgraded 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded down $1.89 during trading hours on Friday, hitting $146.36. 440,848 shares of the company were exchanged, compared to its average volume of 661,907. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 8.30 and a beta of 0.78. Cincinnati Financial Co. has a 52-week low of $112.27 and a 52-week high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The company's 50 day moving average price is $142.63 and its 200-day moving average price is $142.70.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Cincinnati Financial's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) 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.