Keybank National Association OH Sells 3,806 Shares of 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 the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CINF. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Cincinnati Financial by 2.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,178 shares of the insurance provider's stock valued at $2,538,000 after purchasing an additional 440 shares during the last quarter. Mather Group LLC. lifted its position in shares of Cincinnati Financial by 1,103.7% in the first quarter. Mather Group LLC. now owns 108,879 shares of the insurance provider's stock worth $16,084,000 after buying an additional 99,834 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Cincinnati Financial by 4.3% during the first quarter. New York State Teachers Retirement System now owns 144,273 shares of the insurance provider's stock valued at $21,312,000 after buying an additional 5,948 shares during the last quarter. Amalgamated Bank grew its holdings in Cincinnati Financial by 0.4% during the 1st quarter. Amalgamated Bank now owns 32,163 shares of the insurance provider's stock valued at $4,751,000 after buying an additional 135 shares in the last quarter. Finally, Essex Financial Services Inc. bought a new stake in Cincinnati Financial in the 1st quarter worth approximately $263,000. 65.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered 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. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.50.

Cincinnati Financial Trading Up 1.7%

CINF stock traded up $2.43 during midday trading on Friday, reaching $148.54. 472,524 shares of the company traded hands, compared to its average volume of 654,660. The firm 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. Cincinnati Financial Corporation has a 52-week low of $114.75 and a 52-week high of $161.75. The business has a 50 day moving average of $146.90 and a 200-day moving average of $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 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. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. Cincinnati Financial's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. As a group, sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued 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 (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.