Dempze Nancy E Decreases Holdings in Cincinnati Financial Corporation $CINF

Dempze Nancy E cut its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 25.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,500 shares of the insurance provider’s stock after selling 500 shares during the quarter. Dempze Nancy E’s holdings in Cincinnati Financial were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CINF. GQG Partners LLC bought a new position in shares of Cincinnati Financial in the first quarter worth approximately $270,005,000. Raymond James Financial Inc. grew its holdings in shares of Cincinnati Financial by 558.8% in the first quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock worth $79,909,000 after purchasing an additional 458,841 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cincinnati Financial by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after purchasing an additional 358,018 shares during the last quarter. Nuveen LLC bought a new position in shares of Cincinnati Financial in the first quarter worth approximately $47,070,000. Finally, Woodline Partners LP grew its holdings in shares of Cincinnati Financial by 3,392.1% in the first quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider’s stock worth $48,423,000 after purchasing an additional 318,413 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $165.55 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $25.89 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 8.10 and a beta of 0.72. The firm’s fifty day simple moving average is $154.57 and its 200 day simple moving average is $147.85. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $166.90.

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

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.1%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 30.18%.

Analyst Ratings Changes

CINF has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday. Roth Capital lifted 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. Finally, Keefe, Bruyette & Woods lifted 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.40.

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.