Stratos Wealth Partners LTD. Has $359,000 Stock Position in Cincinnati Financial Corporation (NASDAQ:CINF)

Stratos Wealth Partners LTD. lessened its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 41.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,427 shares of the insurance provider's stock after selling 1,753 shares during the period. Stratos Wealth Partners LTD.'s holdings in Cincinnati Financial were worth $359,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Spire Wealth Management increased its holdings in shares of Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after acquiring an additional 76 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Cincinnati Financial in the 1st quarter worth about $30,000. GoalVest Advisory LLC increased its stake in Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares during the period. Whipplewood Advisors LLC increased its stake in Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after buying an additional 200 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake in Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $155.25.

Cincinnati Financial Stock Up 0.9%

Shares of CINF stock traded up $1.34 during trading on Friday, hitting $150.37. 66,894 shares of the company were exchanged, compared to its average volume of 645,123. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 9.81 and a beta of 0.76. The business's 50-day simple moving average is $147.84 and its 200 day simple moving average is $142.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a twelve month low of $115.43 and a twelve month high of $161.75.

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 for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The company's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, June 23rd. Cincinnati Financial's dividend 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.