Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,856 Shares of Cincinnati Financial Corporation $CINF

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 23.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,169 shares of the insurance provider’s stock after selling 1,856 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Cincinnati Financial were worth $919,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new stake in Cincinnati Financial in the 2nd quarter worth approximately $25,000. Spire Wealth Management grew its position in Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Cincinnati Financial during the 1st quarter worth $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial during the 1st quarter worth $32,000. Finally, AlphaQuest LLC boosted its stake in shares of Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.6%

CINF opened at $156.67 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. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $166.90. The firm’s fifty day moving average is $155.91 and its 200 day moving average is $149.29. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 7.01 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating 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 analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company earned $1.29 EPS. Cincinnati Financial’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced 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 was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s payout ratio is 30.18%.

Wall Street Analyst Weigh In

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

Cincinnati Financial 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.