Mn Services Vermogensbeheer B.V. Sells 4,400 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Mn Services Vermogensbeheer B.V. trimmed its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 7.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 56,800 shares of the insurance provider's stock after selling 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Cincinnati Financial were worth $8,390,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Capital Advisors Ltd. LLC lifted its stake in Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock worth $38,000 after purchasing an additional 250 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 102 shares during the period. Whipplewood Advisors LLC grew its holdings in shares of Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Cincinnati Financial during the first quarter valued at about $47,000. Finally, EverSource Wealth Advisors LLC raised its position in Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price target on shares of 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 four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of CINF traded down $0.33 during mid-day trading on Friday, hitting $145.37. 473,207 shares of the company traded hands, compared to its average volume of 664,310. Cincinnati Financial Corporation has a 1 year low of $113.70 and a 1 year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50-day moving average price of $143.73 and a two-hundred day moving average price of $142.57. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 9.67 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its 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. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is 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.