Cincinnati Financial Co. (NASDAQ:CINF) Stake Lessened by Royal Bank of Canada

Royal Bank of Canada trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,836,523 shares of the insurance provider's stock after selling 9,866 shares during the quarter. Royal Bank of Canada owned 1.17% of Cincinnati Financial worth $263,909,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC lifted its holdings in shares of Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock valued at $224,000 after buying an additional 74 shares during the period. Park Avenue Securities LLC raised its position in Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after acquiring an additional 78 shares in the last quarter. Weaver Capital Management LLC lifted its holdings in Cincinnati Financial by 2.0% in the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock valued at $599,000 after acquiring an additional 81 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of Cincinnati Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after buying an additional 91 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Cincinnati Financial by 0.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock valued at $2,147,000 after acquiring an additional 94 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Down 0.5%

CINF traded down $0.78 during trading on Tuesday, hitting $150.17. 384,273 shares of the company's stock were exchanged, compared to its average volume of 665,478. The stock has a 50 day moving average price of $140.66 and a 200 day moving average price of $143.13. Cincinnati Financial Co. has a 1 year low of $111.92 and a 1 year high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $23.47 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 EPS. As a group, analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CINF. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

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.