Welch Group LLC Sells 8,418 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Welch Group LLC reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,679 shares of the insurance provider's stock after selling 8,418 shares during the period. Cincinnati Financial comprises approximately 2.6% of Welch Group LLC's holdings, making the stock its 18th biggest position. Welch Group LLC owned 0.25% of Cincinnati Financial worth $58,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF traded up $0.02 on Friday, reaching $149.99. 1,106,734 shares of the company traded hands, compared to its average volume of 664,526. Cincinnati Financial Co. has a fifty-two week low of $111.92 and a fifty-two week high of $161.75. The company's 50 day moving average is $141.05 and its 200-day moving average is $143.26. The stock has a market capitalization of $23.44 billion, a PE ratio of 10.33, a P/E/G ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

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

Cincinnati Financial Announces Dividend

The business also recently declared 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. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is 37.95%.

Analyst Upgrades and Downgrades

CINF has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of 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 upped their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock 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 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 stock. According to MarketBeat, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Company 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.