Cincinnati Financial Co. (NASDAQ:CINF) Stock Position Lessened by ProShare Advisors LLC

ProShare Advisors LLC cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,389,809 shares of the insurance provider's stock after selling 113,515 shares during the quarter. ProShare Advisors LLC owned approximately 0.89% of Cincinnati Financial worth $199,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC increased its holdings in Cincinnati Financial by 177.8% during the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock worth $1,232,000 after purchasing an additional 5,485 shares during the last quarter. Captrust Financial Advisors increased its holdings 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 valued at $2,541,000 after acquiring an additional 2,122 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock valued at $26,019,000 after acquiring an additional 5,097 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of 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 acquiring an additional 2,383 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at approximately $4,935,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CINF shares. Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. StockNews.com raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

CINF traded up $1.56 during trading on Friday, reaching $150.86. 635,693 shares of the company were exchanged, compared to its average volume of 667,227. The stock has a market cap of $23.58 billion, a P/E ratio of 10.39, a PEG ratio of 8.30 and a beta of 0.73. The firm has a 50 day moving average of $140.44 and a 200 day moving average of $143.05. 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 52 week low of $111.92 and a 52 week 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) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 EPS. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 2.31%. Cincinnati Financial's payout ratio is currently 37.95%.

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.