Janney Montgomery Scott LLC reduced its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,449 shares of the insurance provider's stock after selling 11,497 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of Cincinnati Financial worth $16,759,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 1st quarter valued at $47,000. Verity & Verity LLC raised its position in shares of Cincinnati Financial by 3.4% in the 1st quarter. Verity & Verity LLC now owns 101,920 shares of the insurance provider's stock worth $15,056,000 after acquiring an additional 3,347 shares in the last quarter. Total Wealth Planning LLC raised its position in shares of Cincinnati Financial by 13.4% in the 1st quarter. Total Wealth Planning LLC now owns 1,754 shares of the insurance provider's stock worth $259,000 after acquiring an additional 207 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Cincinnati Financial by 11.0% in the 1st quarter. Simon Quick Advisors LLC now owns 1,734 shares of the insurance provider's stock worth $256,000 after acquiring an additional 172 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Cincinnati Financial by 5,000.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock worth $38,000 after acquiring an additional 250 shares in the last quarter. 65.24% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on CINF shares. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods reduced 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $147.40.
Get Our Latest Analysis on CINF
Cincinnati Financial Stock Up 0.3%
CINF opened at $145.70 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $22.77 billion, a P/E ratio of 15.89, a P/E/G ratio of 9.65 and a beta of 0.78. Cincinnati Financial Corporation has a 12 month low of $113.70 and a 12 month high of $161.75. The business's 50-day moving average price is $143.45 and its 200-day moving average price is $142.65.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the firm posted $1.72 EPS. The business's revenue was up 13.2% on a year-over-year basis. On average, equities analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.
Cincinnati Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a $0.87 dividend. The ex-dividend date 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 presently 37.95%.
Cincinnati Financial Profile
(
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.
See Also
Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Corporation (NASDAQ:CINF - Free Report).
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