Cincinnati Financial Corporation $CINF Position Lessened by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. lowered its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,734 shares of the insurance provider’s stock after selling 136 shares during the period. Cincinnati Financial makes up 3.6% of Schulhoff & Co. Inc.’s portfolio, making the stock its 5th biggest position. Schulhoff & Co. Inc.’s holdings in Cincinnati Financial were worth $8,002,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new stake in shares of Cincinnati Financial in the second quarter worth $25,000. Spire Wealth Management increased its position in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 76 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Cincinnati Financial in the first quarter worth $26,000. Alpine Bank Wealth Management purchased a new position in shares of Cincinnati Financial in the first quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial in the first quarter valued at $32,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.9%

Cincinnati Financial stock opened at $156.29 on Wednesday. The firm’s 50-day moving average is $155.74 and its 200-day moving average is $148.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $166.90. The company has a market cap of $24.44 billion, a P/E ratio of 13.56, a PEG ratio of 7.25 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analysts Forecast Growth

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

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.