Focus Partners Wealth Sells 4,872 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Focus Partners Wealth cut its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,830 shares of the insurance provider's stock after selling 4,872 shares during the period. Focus Partners Wealth's holdings in Cincinnati Financial were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in Cincinnati Financial by 13.1% during the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after buying an additional 61,801 shares in the last quarter. Czech National Bank raised its position in shares of Cincinnati Financial by 6.5% during the fourth quarter. Czech National Bank now owns 33,893 shares of the insurance provider's stock worth $4,870,000 after acquiring an additional 2,066 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of Cincinnati Financial by 5.9% during the fourth quarter. Wedmont Private Capital now owns 1,916 shares of the insurance provider's stock valued at $260,000 after acquiring an additional 107 shares during the period. Park Avenue Securities LLC boosted its holdings in Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock valued at $2,511,000 after acquiring an additional 78 shares during the last quarter. Finally, USA Financial Formulas increased its position in Cincinnati Financial by 461.2% in the fourth quarter. USA Financial Formulas now owns 1,358 shares of the insurance provider's stock worth $195,000 after purchasing an additional 1,116 shares during the period. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Roth Mkm lifted their target price 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Trading Down 1.1%

Shares of CINF stock traded down $1.67 on Wednesday, reaching $148.51. The company had a trading volume of 33,211 shares, compared to its average volume of 662,979. The stock has a market cap of $23.21 billion, a PE ratio of 10.22, a PEG ratio of 8.30 and a beta of 0.73. The company has a 50-day moving average of $140.82 and a 200-day moving average of $143.18. 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 12 month low of $111.92 and a 12 month high of $161.75.

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

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is 37.95%.

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.