Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC decreased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 27.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,444 shares of the insurance provider’s stock after selling 925 shares during the period. Pinion Investment Advisors LLC’s holdings in Cincinnati Financial were worth $289,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. lifted its stake in Cincinnati Financial by 252.2% in the fourth quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock valued at $25,000 after buying an additional 174 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Cincinnati Financial in the 2nd quarter valued at $29,000. Raleigh Capital Management Inc. acquired a new stake in Cincinnati Financial during the 4th quarter worth $31,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial during the 1st quarter worth $47,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Cincinnati Financial in the 2nd quarter valued at about $49,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CINF shares. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Roth Mkm upped their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America dropped their target price on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.57.

Cincinnati Financial Stock Performance

Shares of CINF opened at $135.82 on Friday. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34. The stock has a market cap of $21.22 billion, a P/E ratio of 9.04, a PEG ratio of 2.60 and a beta of 0.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $128.98 and a two-hundred day moving average of $121.47.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.33. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. As a group, research analysts predict that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Cincinnati Financial Profile

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.