Vident Advisory LLC Lowers Stake in Cincinnati Financial Corporation $CINF

Key Points

• Vident Advisory LLC has reduced its stake in Cincinnati Financial Corporation by 37.5%, selling 4,878 shares and now holding 8,132 shares worth approximately $1.2 million.
• Cincinnati Financial reported $1.97 EPS for the last quarter, exceeding analysts' expectations by $0.58 and had revenue of $2.48 billion, up 15.5% year-over-year.
• The company's quarterly dividend of $0.87 per share will be paid on October 15th, representing an annual yield of 2.3% and a dividend payout ratio of 30.18%.

Vident Advisory LLC cut its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 37.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,132 shares of the insurance provider's stock after selling 4,878 shares during the period. Vident Advisory LLC's holdings in Cincinnati Financial were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of CINF. Park National Corp OH grew its stake in Cincinnati Financial by 0.6% during the 1st quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock valued at $1,874,000 after acquiring an additional 72 shares in the last quarter. Spire Wealth Management grew its stake in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 76 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Cincinnati Financial by 0.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after acquiring an additional 91 shares in the last quarter. CWA Asset Management Group LLC grew its stake in Cincinnati Financial by 4.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock valued at $352,000 after acquiring an additional 94 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. grew its stake in Cincinnati Financial by 5.2% during the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock valued at $279,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Cincinnati Financial stock traded up $0.39 during midday trading on Tuesday, hitting $153.85. 93,888 shares of the company's stock were exchanged, compared to its average volume of 667,094. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 7.51 and a beta of 0.72. The firm's 50 day simple moving average is $150.62 and its 200 day simple moving average is $145.71.

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

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be paid a $0.87 dividend. The ex-dividend date is Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial's dividend payout ratio (DPR) is 30.18%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CINF. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Roth Capital increased their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average price target of $159.40.

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.