Wealth Enhancement Advisory Services LLC Buys 21,304 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Wealth Enhancement Advisory Services LLC grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,493 shares of the insurance provider's stock after buying an additional 21,304 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.08% of Cincinnati Financial worth $17,315,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Cincinnati Financial by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after acquiring an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after purchasing an additional 224,033 shares during the last quarter. Geode Capital Management LLC raised its holdings in Cincinnati Financial by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after acquiring an additional 185,705 shares in the last quarter. Northern Trust Corp increased its holdings in Cincinnati Financial by 10.8% during the fourth quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after buying an additional 162,714 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at about $223,959,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded down $1.30 during trading hours on Wednesday, reaching $150.21. 91,403 shares of the stock were exchanged, compared to its average volume of 662,219. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75. The company has a market cap of $23.48 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The stock has a 50 day moving average of $141.23 and a two-hundred day moving average of $143.22.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business posted $1.72 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Analyst Ratings Changes

Several research firms recently weighed in on CINF. Keefe, Bruyette & Woods dropped 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. Roth Mkm lifted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

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.