Securian Asset Management Inc. Sells 100 Shares of Cincinnati Financial Corporation $CINF

Securian Asset Management Inc. reduced its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,039 shares of the insurance provider’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Cincinnati Financial were worth $1,197,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. ORG Partners LLC grew its stake in shares of Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 72 shares during the period. Spire Wealth Management grew its stake in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares during the period. 3Chopt Investment Partners LLC grew its stake in shares of Cincinnati Financial by 5.7% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 89 shares during the period. Brass Tax Wealth Management Inc. grew its stake in shares of Cincinnati Financial by 5.2% during the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 94 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Cincinnati Financial by 51.6% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 96 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Roth Capital boosted their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $157.25.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $155.72 on Friday. The stock’s fifty day moving average is $155.80 and its 200 day moving average is $148.84. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $166.90. The firm has a market capitalization of $24.35 billion, a PE ratio of 13.51, a PEG ratio of 6.95 and a beta of 0.72. 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 (NASDAQ:CINF) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. Cincinnati Financial’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

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.