Versor Investments LP Decreases Stock Holdings in Cincinnati Financial Corporation $CINF

Versor Investments LP lowered its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 76.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,412 shares of the insurance provider’s stock after selling 4,537 shares during the period. Versor Investments LP’s holdings in Cincinnati Financial were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Summit Investment Advisory Services LLC bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at $930,000. Simon Quick Advisors LLC lifted its holdings in Cincinnati Financial by 17.0% in the second quarter. Simon Quick Advisors LLC now owns 2,028 shares of the insurance provider’s stock valued at $302,000 after acquiring an additional 294 shares during the period. Strs Ohio lifted its holdings in Cincinnati Financial by 37.6% in the second quarter. Strs Ohio now owns 22,105 shares of the insurance provider’s stock valued at $3,292,000 after acquiring an additional 6,037 shares during the period. Impact Partnership Wealth LLC boosted its position in Cincinnati Financial by 11.0% in the second quarter. Impact Partnership Wealth LLC now owns 3,849 shares of the insurance provider’s stock worth $573,000 after purchasing an additional 382 shares during the last quarter. Finally, Atria Investments Inc grew its stake in shares of Cincinnati Financial by 6.1% during the 2nd quarter. Atria Investments Inc now owns 16,364 shares of the insurance provider’s stock valued at $2,437,000 after purchasing an additional 942 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 2.0%

Shares of NASDAQ:CINF opened at $164.64 on Friday. The stock has a 50 day moving average of $156.62 and a 200 day moving average of $150.89. The company has a market cap of $25.69 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 4.27 and a beta of 0.69. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $166.90. The company has a current ratio of 0.30, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

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

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.1%. Cincinnati Financial’s dividend payout ratio is currently 25.89%.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial 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 cost of $153.98 per share, with a total value of $153,980.00. Following the completion of the acquisition, the director directly owned 58,482 shares in the company, valued at $9,005,058.36. The trade was a 1.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Finally, Roth Capital reiterated a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $171.67.

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.