Focus Partners Wealth Lowers Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Focus Partners Wealth trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,830 shares of the insurance provider's stock after selling 4,872 shares during the quarter. 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 (SEC).

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

Cincinnati Financial Stock Up 0.1%

NASDAQ CINF traded up $0.09 on Monday, reaching $150.95. 470,938 shares of the stock traded hands, compared to its average volume of 666,442. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The company has a fifty day moving average price of $140.44 and a 200-day moving average price of $143.06. The company has a market cap of $23.59 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 8.30 and a beta of 0.73. 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 earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company posted $1.72 EPS. Cincinnati Financial's revenue was up 13.2% on a year-over-year basis. As a group, research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.31%. Cincinnati Financial's payout ratio is presently 37.95%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CINF shares. Roth Mkm lifted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.