Cincinnati Financial Corporation $CINF Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC reduced its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINFFree Report) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,856 shares of the insurance provider’s stock after selling 180 shares during the quarter. Journey Advisory Group LLC’s holdings in Cincinnati Financial were worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Bison Wealth LLC acquired a new position in Cincinnati Financial during the fourth quarter worth about $210,000. GAMMA Investing LLC grew its position in Cincinnati Financial by 7.0% during the first quarter. GAMMA Investing LLC now owns 5,524 shares of the insurance provider’s stock worth $816,000 after buying an additional 359 shares during the period. CWA Asset Management Group LLC grew its position in Cincinnati Financial by 4.1% during the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock worth $352,000 after buying an additional 94 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Cincinnati Financial by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 18,324 shares of the insurance provider’s stock valued at $2,706,000 after purchasing an additional 500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Cincinnati Financial by 22.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 102,204 shares of the insurance provider’s stock valued at $15,098,000 after purchasing an additional 18,761 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of CINF opened at $153.02 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 7.16 and a beta of 0.72. The company’s 50 day simple moving average is $155.54 and its 200 day simple moving average is $148.37. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $166.90.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share. On average, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CINF shares. Roth Capital upped their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $157.25.

Check Out Our Latest Report on CINF

About Cincinnati Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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