Cincinnati Financial Corporation $CINF Position Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 31.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,291 shares of the insurance provider’s stock after selling 41,287 shares during the quarter. Teacher Retirement System of Texas’ holdings in Cincinnati Financial were worth $13,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ORG Partners LLC raised its stake in shares of Cincinnati Financial by 5.0% during the second 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 in the last quarter. Spire Wealth Management raised its stake in shares of Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares in the last quarter. Forum Financial Management LP raised its stake in shares of Cincinnati Financial by 2.1% during the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock valued at $588,000 after purchasing an additional 80 shares in the last quarter. 3Chopt Investment Partners LLC raised its stake in shares of Cincinnati Financial by 5.7% during the second 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 in the last quarter. Finally, Brass Tax Wealth Management Inc. raised its stake in shares of Cincinnati Financial by 5.2% during the first 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 in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CINF. Roth Capital restated a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Buy” and a consensus price target of $167.67.

Cincinnati Financial Trading Down 3.7%

Shares of CINF opened at $151.75 on Wednesday. The business’s 50-day moving average price is $156.06 and its 200 day moving average price is $149.60. The stock has a market capitalization of $23.73 billion, a P/E ratio of 11.29, a P/E/G ratio of 7.05 and a beta of 0.72. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $166.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a return on equity of 8.72% and a net margin of 17.57%.Cincinnati Financial’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. Analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were paid a $0.87 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 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.