Narwhal Capital Management Sells 10,100 Shares of Cincinnati Financial Corporation $CINF

Narwhal Capital Management cut its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 26.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,690 shares of the insurance provider's stock after selling 10,100 shares during the period. Narwhal Capital Management's holdings in Cincinnati Financial were worth $4,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC grew its stake in Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider's stock valued at $226,000 after purchasing an additional 72 shares during the last quarter. Spire Wealth Management grew its stake in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after buying an additional 94 shares during the last quarter. Brass Tax Wealth Management Inc. boosted its stake in shares of Cincinnati Financial by 5.2% in the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock worth $279,000 after buying an additional 94 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Cincinnati Financial by 51.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider's stock worth $42,000 after buying an additional 96 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CINF has been the topic of a number of recent research reports. Roth Capital upped their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Cincinnati Financial in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cincinnati Financial has an average rating of "Moderate Buy" and an average target price of $159.40.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $165.55 on Thursday. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 8.10 and a beta of 0.72. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $166.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $154.57 and a 200 day moving average of $147.85.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. The company had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.Cincinnati Financial's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. Cincinnati Financial's dividend payout ratio is presently 30.18%.

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.

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