Wealth Enhancement Advisory Services LLC Increases Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in shares of Cincinnati Financial by 13.6% in the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock worth $2,541,000 after acquiring an additional 2,122 shares in the last quarter. New York Life Investment Management LLC boosted its stake in Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after purchasing an additional 2,383 shares during the period. Proficio Capital Partners LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at $4,935,000. Aviva PLC lifted its holdings in Cincinnati Financial by 68.0% in the fourth quarter. Aviva PLC now owns 9,731 shares of the insurance provider's stock worth $1,398,000 after purchasing an additional 3,938 shares during the period. Finally, Vest Financial LLC lifted its position in Cincinnati Financial by 2.3% in the fourth quarter. Vest Financial LLC now owns 427,595 shares of the insurance provider's stock worth $61,445,000 after purchasing an additional 9,529 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 1.2%

NASDAQ:CINF traded down $1.75 during trading hours on Wednesday, hitting $149.76. 480,323 shares of the company traded hands, compared to its average volume of 663,572. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $23.41 billion, a PE ratio of 10.31, a PEG ratio of 8.30 and a beta of 0.73. The firm's 50-day simple moving average is $141.31 and its 200-day simple moving average is $143.27. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released 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. The business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share. Equities analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.