Values First Advisors Inc. Decreases Stake in Cincinnati Financial Corporation $CINF

Key Points

• Values First Advisors Inc. has reduced its stake in Cincinnati Financial Corporation by 20.7%, now holding 12,223 shares worth approximately $1.82 million.
• Cincinnati Financial reported an earnings per share (EPS) of $1.97 for the last quarter, exceeding the consensus estimate of $1.39, while revenue rose 15.5% year-over-year to $2.48 billion.
• The company announced a quarterly dividend payment of $0.87 per share, reflecting a 2.3% yield and a payout ratio of 30.18%.

Values First Advisors Inc. decreased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,223 shares of the insurance provider's stock after selling 3,183 shares during the quarter. Cincinnati Financial makes up approximately 1.0% of Values First Advisors Inc.'s portfolio, making the stock its 25th biggest position. Values First Advisors Inc.'s holdings in Cincinnati Financial were worth $1,820,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its stake in Cincinnati Financial by 1.2% during the second quarter. Nordea Investment Management AB now owns 12,483 shares of the insurance provider's stock worth $1,830,000 after purchasing an additional 144 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Cincinnati Financial during the second quarter worth $824,000. Allianz Asset Management GmbH boosted its position in Cincinnati Financial by 1.7% during the second quarter. Allianz Asset Management GmbH now owns 136,878 shares of the insurance provider's stock worth $20,384,000 after purchasing an additional 2,236 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its position in Cincinnati Financial by 3.0% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 389,894 shares of the insurance provider's stock worth $57,931,000 after purchasing an additional 11,510 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Cincinnati Financial by 51.0% in the second quarter. Sagespring Wealth Partners LLC now owns 2,222 shares of the insurance provider's stock valued at $331,000 after acquiring an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 3.2%

CINF opened at $151.39 on Friday. The stock has a market cap of $23.67 billion, a P/E ratio of 13.13, a P/E/G ratio of 7.46 and a beta of 0.72. The stock's 50 day moving average price is $155.48 and its 200 day moving average price is $148.30. 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 12 month low of $123.01 and a 12 month high of $166.90.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.Cincinnati Financial's revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. As a group, research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial's payout ratio is presently 30.18%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Roth Capital upped their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.