Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by TD Asset Management Inc.

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TD Asset Management Inc. lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 437,196 shares of the insurance provider’s stock after selling 4,102 shares during the period. TD Asset Management Inc. owned 0.27% of Cincinnati Financial worth $45,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Hanson & Doremus Investment Management purchased a new stake in shares of Cincinnati Financial in the 2nd quarter valued at approximately $40,000. Gradient Investments LLC purchased a new stake in shares of Cincinnati Financial in the 2nd quarter valued at approximately $46,000. Meridian Wealth Management LLC purchased a new stake in shares of Cincinnati Financial in the 1st quarter valued at approximately $48,000. Parallel Advisors LLC grew its stake in shares of Cincinnati Financial by 30.5% in the 1st quarter. Parallel Advisors LLC now owns 758 shares of the insurance provider’s stock valued at $65,000 after buying an additional 177 shares during the period. Finally, Clarus Wealth Advisors grew its stake in shares of Cincinnati Financial by 47.6% in the 2nd quarter. Clarus Wealth Advisors now owns 766 shares of the insurance provider’s stock valued at $79,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Shares of NASDAQ:CINF traded up $1.27 during mid-day trading on Thursday, reaching $108.21. 2,545 shares of the company were exchanged, compared to its average volume of 723,770. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $17.75 billion, a price-to-earnings ratio of 32.22 and a beta of 0.65. The company has a 50-day moving average price of $106.91. Cincinnati Financial Co. has a 1 year low of $71.01 and a 1 year high of $110.87.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.21. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Cincinnati Financial had a net margin of 18.28% and a return on equity of 7.17%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. On average, research analysts predict that Cincinnati Financial Co. will post 3.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 18th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.07%. Cincinnati Financial’s payout ratio is currently 66.87%.

Several research firms have recently weighed in on CINF. MKM Partners reissued a “buy” rating and issued a $120.00 price target (up previously from $100.00) on shares of Cincinnati Financial in a research note on Friday, May 24th. BidaskClub raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of Cincinnati Financial to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. They noted that the move was a valuation call. Finally, Credit Suisse Group raised shares of Cincinnati Financial from a “neutral” rating to an “outperform” rating and increased their price target for the company from $90.00 to $110.00 in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $102.40.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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