Swiss Life Asset Management Ltd Decreases Stock Holdings in Cincinnati Financial Corporation $CINF

Swiss Life Asset Management Ltd trimmed its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 66.9% during the fourth quarter, HoldingsChannel reports. The firm owned 11,609 shares of the insurance provider’s stock after selling 23,497 shares during the period. Swiss Life Asset Management Ltd’s holdings in Cincinnati Financial were worth $1,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CINF. Lodestone Wealth Management LLC purchased a new position in Cincinnati Financial in the 4th quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $30,000. Quent Capital LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $34,000. Finally, Legacy Wealth Managment LLC ID increased its stake in shares of Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 108 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CINF. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday. Roth Mkm increased their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Bank of America dropped their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Wall Street Zen cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.75.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $166.42 on Friday. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $174.27. The business’s fifty day simple moving average is $162.34 and its 200-day simple moving average is $163.00. The firm has a market cap of $25.74 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.59. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS. Equities analysts forecast that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is 21.50%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.