Clarius Group LLC Sells 8,431 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Clarius Group LLC lessened its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,980 shares of the insurance provider’s stock after selling 8,431 shares during the period. Cincinnati Financial makes up about 0.8% of Clarius Group LLC’s portfolio, making the stock its 20th biggest holding. Clarius Group LLC owned about 0.06% of Cincinnati Financial worth $11,839,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new stake in Cincinnati Financial during the 2nd quarter worth approximately $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $29,000. Raleigh Capital Management Inc. purchased a new stake in Cincinnati Financial during the fourth quarter worth approximately $31,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of CINF opened at $135.01 on Friday. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s fifty day moving average is $133.72 and its 200-day moving average is $123.93. Cincinnati Financial Co. has a one year low of $96.86 and a one year high of $139.34.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced 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 2.40%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.77%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CINF. Roth Mkm upped their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $126.00 to $135.00 in a report on Friday, June 28th. Finally, Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $136.29.

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.