OLD National Bancorp IN Decreases Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

OLD National Bancorp IN lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 63.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CINF. GoalVest Advisory LLC increased its holdings in shares of Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Cincinnati Financial by 157.7% in 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. McClarren Financial Advisors Inc. acquired a new stake in Cincinnati Financial in the 4th quarter valued at approximately $50,000. Finally, Kentucky Trust Co acquired a new stake in Cincinnati Financial in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

CINF has been the subject of several research reports. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Down 1.3%

CINF stock traded down $1.89 during midday trading on Friday, hitting $146.36. The company's stock had a trading volume of 440,848 shares, compared to its average volume of 661,907. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52-week low of $112.27 and a 52-week high of $161.75. The firm has a market capitalization of $22.88 billion, a P/E ratio of 10.08, a PEG ratio of 8.30 and a beta of 0.78. The firm has a 50-day simple moving average of $142.63 and a 200-day simple moving average of $142.95.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the company posted $1.72 EPS. The firm's revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given 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 dividend payout ratio (DPR) is currently 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.