Lazard Asset Management LLC Has $305,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Lazard Asset Management LLC trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 66.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,126 shares of the insurance provider's stock after selling 4,166 shares during the quarter. Lazard Asset Management LLC's holdings in Cincinnati Financial were worth $305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after buying an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $50,000. Finally, Kentucky Trust Co acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $51,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

CINF stock traded down $1.13 during mid-day trading on Wednesday, hitting $148.35. The stock had a trading volume of 68,727 shares, compared to its average volume of 662,623. The firm has a fifty day simple moving average of $140.83 and a 200 day simple moving average of $143.24. Cincinnati Financial Co. has a 52 week low of $111.92 and a 52 week high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $23.19 billion, a P/E ratio of 10.22, a P/E/G ratio of 8.30 and a beta of 0.73.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company posted $1.72 EPS. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CINF. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

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.