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Cincinnati Financial Corporation (NASDAQ:CINF) Shares Sold by Narwhal Capital Management

Cincinnati Financial logo with Finance background

Narwhal Capital Management lessened its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,790 shares of the insurance provider's stock after selling 4,548 shares during the period. Narwhal Capital Management's holdings in Cincinnati Financial were worth $5,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. GoalVest Advisory LLC grew its holdings in shares of Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 102 shares during the period. Whipplewood Advisors LLC raised its stake in Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after buying an additional 200 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Cincinnati Financial by 5,000.0% during 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 in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Cincinnati Financial in the first quarter valued at approximately $47,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Up 0.3%

Shares of Cincinnati Financial stock traded up $0.47 during trading hours on Friday, reaching $146.23. 1,007,403 shares of the company's stock were exchanged, compared to its average volume of 661,418. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 9.54 and a beta of 0.78. The company has a fifty day moving average of $145.07 and a 200-day moving average of $142.22. Cincinnati Financial Corporation has a 52-week low of $114.75 and a 52-week high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released 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. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial's payout ratio is 37.95%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CINF. Keefe, Bruyette & Woods decreased 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 note on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two research 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, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus target price of $147.40.

Get Our Latest Stock Report on Cincinnati Financial

About Cincinnati Financial

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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