Keybank National Association OH Sells 3,194 Shares of Cincinnati Financial Corporation $CINF

Keybank National Association OH trimmed its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 219,758 shares of the insurance provider’s stock after selling 3,194 shares during the quarter. Keybank National Association OH’s holdings in Cincinnati Financial were worth $32,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CINF. Quintet Private Bank Europe S.A. bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at $25,000. Spire Wealth Management lifted its stake in shares of 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 in the first quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial in the first quarter worth approximately $32,000. Finally, AlphaQuest LLC boosted its holdings in shares of Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after buying an additional 200 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $154.36 on Friday. The stock’s 50-day simple moving average is $156.05 and its 200-day simple moving average is $149.77. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 4.27 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the firm earned $1.42 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s payout ratio is 25.89%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CINF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, Roth Capital reiterated a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $167.67.

Insider Buying and Selling

In related news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were acquired at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the purchase, the director directly owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is currently owned by insiders.

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.