USS Investment Management Ltd Trims Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

USS Investment Management Ltd trimmed its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,067 shares of the insurance provider's stock after selling 6,500 shares during the quarter. USS Investment Management Ltd's holdings in Cincinnati Financial were worth $3,459,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the fourth quarter valued at about $27,000. Y.D. More Investments Ltd grew its holdings in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Cincinnati Financial during the fourth quarter worth about $50,000. Finally, Kentucky Trust Co bought a new stake in shares of Cincinnati Financial during the fourth quarter worth about $51,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 0.5%

CINF stock traded up $0.79 during midday trading on Thursday, reaching $148.61. 104,617 shares of the company traded hands, compared to its average volume of 662,226. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The business has a 50 day moving average of $140.88 and a 200-day moving average of $143.28. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 8.30 and a beta of 0.73.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business posted $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, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm 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 $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. Cincinnati Financial's payout ratio is 37.95%.

Analyst Ratings Changes

Several analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. 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 given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial 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.