OLD National Bancorp IN Has $206,000 Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

OLD National Bancorp IN lessened its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 63.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,397 shares of the insurance provider's stock after selling 2,426 shares during the period. OLD National Bancorp IN's holdings in Cincinnati Financial were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Vest Financial LLC raised its stake in shares of Cincinnati Financial by 9.5% in the first quarter. Vest Financial LLC now owns 468,135 shares of the insurance provider's stock valued at $69,153,000 after acquiring an additional 40,540 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in Cincinnati Financial by 4.7% during the first quarter. Salvus Wealth Management LLC now owns 6,367 shares of the insurance provider's stock worth $941,000 after acquiring an additional 284 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Cincinnati Financial by 7.4% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider's stock worth $55,802,000 after acquiring an additional 25,926 shares in the last quarter. Unigestion Holding SA acquired a new position in shares of Cincinnati Financial during the 1st quarter worth $824,000. Finally, Whipplewood Advisors LLC lifted 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 valued at $38,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CINF. Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased 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. Finally, Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Up 0.2%

Shares of Cincinnati Financial stock traded up $0.34 during midday trading on Thursday, hitting $147.33. The company's stock had a trading volume of 68,073 shares, compared to its average volume of 731,313. The firm has a market capitalization of $23.03 billion, a P/E ratio of 10.15, a PEG ratio of 8.30 and a beta of 0.78. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $141.81 and a 200-day simple moving average of $143.11.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the company posted $1.72 earnings per share. Cincinnati Financial's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. Cincinnati Financial's payout ratio is 37.95%.

Cincinnati Financial Company 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.