Yousif Capital Management LLC Trims Position in Cincinnati Financial Corporation $CINF

Key Points

• Yousif Capital Management LLC reduced its stake in Cincinnati Financial Corporation by 4.1%, selling 3,058 shares in the second quarter, bringing its total holdings to 71,060 shares valued at approximately $10.58 million.
• Several institutional investors, including Quintet Private Bank and Spire Wealth Management, have recently adjusted their positions in Cincinnati Financial, contributing to 65.24% of the company's stock being owned by hedge funds and other institutions.
• Analysts have a consensus rating of "Moderate Buy" for Cincinnati Financial, with price targets ranging from $157.25 to $175.00, as the company reported earnings of $1.97 per share, outperforming estimates.

Yousif Capital Management LLC trimmed its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 71,060 shares of the insurance provider's stock after selling 3,058 shares during the period. Yousif Capital Management LLC's holdings in Cincinnati Financial were worth $10,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. purchased a new position in Cincinnati Financial during the second quarter worth about $25,000. Spire Wealth Management raised its holdings in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Cincinnati Financial during the first quarter worth about $26,000. Alpine Bank Wealth Management purchased a new position in Cincinnati Financial during the first quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Cincinnati Financial during the first quarter worth about $32,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CINF has been the subject of several analyst reports. Roth Capital increased their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.25.

Cincinnati Financial Trading Down 0.7%

Shares of CINF opened at $157.88 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm's 50-day moving average is $155.27 and its two-hundred day moving average is $148.15. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $166.90. The firm has a market capitalization of $24.69 billion, a P/E ratio of 13.69, a PEG ratio of 7.77 and a beta of 0.72.

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, topping the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be given a $0.87 dividend. The ex-dividend date is Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. Cincinnati Financial's dividend payout ratio is currently 30.18%.

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.

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