KBC Group NV Cuts Stake in Cincinnati Financial Corporation (NASDAQ:CINF)

KBC Group NV trimmed its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 37.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,613 shares of the insurance provider's stock after selling 14,204 shares during the period. KBC Group NV's holdings in Cincinnati Financial were worth $3,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Spire Wealth Management boosted its stake in shares of Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares during the period. Alpine Bank Wealth Management bought a new stake in Cincinnati Financial during the 1st quarter valued at about $30,000. GoalVest Advisory LLC boosted its position in Cincinnati Financial by 65.4% in the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares during the period. Whipplewood Advisors LLC grew its stake in Cincinnati Financial by 333.3% in the 1st 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. Finally, Capital Advisors Ltd. LLC grew its stake in 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 hedge funds and other institutional investors.

Cincinnati Financial Stock Up 1.7%

Shares of NASDAQ:CINF traded up $2.43 during trading hours on Friday, hitting $148.54. The company's stock had a trading volume of 472,524 shares, compared to its average volume of 653,133. The firm's fifty day moving average price is $146.90 and its 200 day moving average price is $142.09. Cincinnati Financial Corporation has a 52 week low of $115.43 and a 52 week high of $161.75. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 9.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued 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. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. Cincinnati Financial's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.72 earnings per share. As a group, research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

Wall Street Analyst Weigh In

CINF has been the subject of several research analyst reports. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. 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 research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.50.

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.