Keybank National Association OH Has $32.93 Million Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

Keybank National Association OH cut its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222,952 shares of the insurance provider's stock after selling 3,806 shares during the period. Keybank National Association OH owned 0.14% of Cincinnati Financial worth $32,934,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CINF. SRS Capital Advisors Inc. increased its stake in shares of Cincinnati Financial by 202.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,178 shares of the insurance provider's stock worth $313,000 after purchasing an additional 1,459 shares during the period. Jones Financial Companies Lllp increased its stake in Cincinnati Financial by 7.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,173 shares of the insurance provider's stock valued at $743,000 after acquiring an additional 364 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Cincinnati Financial by 28.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,627 shares of the insurance provider's stock valued at $521,000 after acquiring an additional 795 shares during the period. Victory Capital Management Inc. increased its stake in Cincinnati Financial by 73.8% during the fourth quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider's stock valued at $44,558,000 after acquiring an additional 131,625 shares during the period. Finally, Souders Financial Advisors increased its stake in Cincinnati Financial by 1.4% during the fourth quarter. Souders Financial Advisors now owns 29,149 shares of the insurance provider's stock valued at $4,189,000 after acquiring an additional 410 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CINF. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $150.50.

Cincinnati Financial Price Performance

Shares of CINF stock traded up $2.43 during trading hours on Friday, hitting $148.54. The company had a trading volume of 472,524 shares, compared to its average volume of 653,133. Cincinnati Financial Corporation has a 12 month low of $115.43 and a 12 month high of $161.75. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 9.87 and a beta of 0.76. The firm's fifty day moving average is $146.90 and its 200 day moving average is $142.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released 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 company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company posted $1.72 EPS. The company's revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.34%. Cincinnati Financial's dividend payout ratio is currently 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.