First City Capital Management Inc. Sells 275 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

First City Capital Management Inc. cut its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,523 shares of the insurance provider’s stock after selling 275 shares during the quarter. First City Capital Management Inc.’s holdings in Cincinnati Financial were worth $1,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $27,000. Y.D. More Investments Ltd lifted its position in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the last quarter. GoalVest Advisory LLC boosted its stake in Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock worth $38,000 after buying an additional 102 shares during the period. Whipplewood Advisors LLC increased its position in Cincinnati Financial by 333.3% during the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 205 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CINF. Roth Mkm raised 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. Wall Street Zen raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Trading Up 0.8%

Shares of CINF opened at $151.03 on Friday. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. The company has a 50-day moving average of $141.43 and a 200 day moving average of $143.25. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 8.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results 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 business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 EPS. On average, research analysts expect that Cincinnati Financial Co. will post 5.36 EPS 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 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 dividend yield of 2.30%. Cincinnati Financial’s dividend payout ratio is currently 37.95%.

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.