Select Equity Group L.P. Has $99.89 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Select Equity Group L.P. cut its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 695,104 shares of the insurance provider's stock after selling 424,242 shares during the period. Select Equity Group L.P. owned 0.44% of Cincinnati Financial worth $99,886,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CINF. Simon Quick Advisors LLC increased its holdings in Cincinnati Financial by 5.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock valued at $224,000 after purchasing an additional 74 shares in the last quarter. Park Avenue Securities LLC increased its position in Cincinnati Financial by 0.4% in the 4th 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 in the last quarter. Weaver Capital Management LLC increased its position in Cincinnati Financial by 2.0% in the 4th quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock valued at $599,000 after acquiring an additional 81 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Cincinnati Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after acquiring an additional 91 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Cincinnati Financial by 0.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after purchasing an additional 94 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Trading Down 0.7%

Cincinnati Financial stock traded down $1.02 during midday trading on Thursday, hitting $145.51. 107,831 shares of the stock were exchanged, compared to its average volume of 663,428. The stock has a market capitalization of $22.74 billion, a PE ratio of 10.02, a P/E/G ratio of 8.30 and a beta of 0.73. The company has a fifty day simple moving average of $140.84 and a two-hundred day simple moving average of $143.21. The company has a quick ratio of 0.31, a current ratio of 0.29 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 announced its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $1.72 earnings per share. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm 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 dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is currently 37.95%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, 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 note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $147.40.

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.