UNIVEST FINANCIAL Corp Sells 433 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

UNIVEST FINANCIAL Corp trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,127 shares of the insurance provider’s stock after selling 433 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Cincinnati Financial were worth $1,599,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Cincinnati Financial by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock worth $2,754,399,000 after buying an additional 173,417 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after purchasing an additional 224,033 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Cincinnati Financial by 0.7% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock worth $191,507,000 after purchasing an additional 8,736 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Cincinnati Financial by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock valued at $148,013,000 after purchasing an additional 27,301 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in Cincinnati Financial by 2.3% during the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock valued at $114,354,000 after purchasing an additional 18,192 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 0.5 %

Shares of CINF opened at $146.49 on Thursday. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 8.30 and a beta of 0.66. The firm has a 50 day moving average price of $140.38 and a 200-day moving average price of $142.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.38%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CINF shares. Roth Mkm increased their price target 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. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.20.

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.