Teacher Retirement System of Texas Reduces Position in Cincinnati Financial Corporation (NASDAQ:CINF)

Teacher Retirement System of Texas decreased its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,578 shares of the insurance provider's stock after selling 19,167 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Cincinnati Financial worth $19,289,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC raised its holdings in 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 purchasing an additional 94 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of Cincinnati Financial by 88.4% during the first quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after acquiring an additional 3,776 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Cincinnati Financial by 8.6% during the first quarter. Asset Management One Co. Ltd. now owns 65,356 shares of the insurance provider's stock valued at $9,654,000 after acquiring an additional 5,159 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Cincinnati Financial by 14.7% during the first quarter. Sequoia Financial Advisors LLC now owns 3,391 shares of the insurance provider's stock valued at $501,000 after acquiring an additional 434 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Cincinnati Financial by 13.6% during the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after acquiring an additional 2,122 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded down $0.14 during trading on Tuesday, hitting $146.09. 539,378 shares of the company's stock traded hands, compared to its average volume of 652,886. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 1 year low of $115.43 and a 1 year high of $161.75. The stock has a market capitalization of $22.83 billion, a P/E ratio of 15.93, a PEG ratio of 9.71 and a beta of 0.76. The business has a 50-day simple moving average of $147.24 and a 200-day simple moving average of $142.13.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.55% and a net margin of 13.19%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period last year, the firm posted $1.72 earnings per share. Cincinnati Financial's revenue was up 13.2% compared to the same quarter last year. As a group, analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 presently 37.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods reduced their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $150.50.

About Cincinnati Financial

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.