Janney Montgomery Scott LLC lessened its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,449 shares of the insurance provider's stock after selling 11,497 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of Cincinnati Financial worth $16,759,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted its position in shares of Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock worth $38,000 after buying an additional 250 shares during the period. GoalVest Advisory LLC raised its holdings 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 acquiring an additional 102 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Cincinnati Financial by 333.3% during the first 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. Opal Wealth Advisors LLC purchased a new stake in shares of Cincinnati Financial during the first quarter worth $47,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.
Cincinnati Financial Stock Down 0.2%
Shares of NASDAQ:CINF traded down $0.26 during midday trading on Friday, hitting $145.44. 1,159,974 shares of the stock were exchanged, compared to its average volume of 660,557. Cincinnati Financial Corporation has a 52-week low of $113.70 and a 52-week high of $161.75. The business's fifty day simple moving average is $144.02 and its two-hundred day simple moving average is $142.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $22.73 billion, a PE ratio of 15.86, a P/E/G ratio of 9.66 and a beta of 0.78.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $1.72 earnings per share. The business's revenue was up 13.2% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.
Cincinnati Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 annualized dividend and a yield of 2.39%. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on 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 Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and an average price target of $147.40.
Read Our Latest Research Report on CINF
About Cincinnati Financial
(
Free Report)
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.
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