Cincinnati Financial Corporation $CINF Shares Sold by Curbstone Financial Management Corp

Curbstone Financial Management Corp lowered its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,750 shares of the insurance provider’s stock after selling 378 shares during the period. Curbstone Financial Management Corp’s holdings in Cincinnati Financial were worth $558,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Cincinnati Financial in the second quarter valued at $25,000. Spire Wealth Management boosted its stake in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Cincinnati Financial in the first quarter valued at $26,000. Alpine Bank Wealth Management purchased a new position in shares of Cincinnati Financial in the first quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial in the first quarter valued at $32,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 1.1%

NASDAQ CINF opened at $153.02 on Friday. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 7.16 and a beta of 0.72. The company’s fifty day moving average price is $155.54 and its two-hundred day moving average price is $148.35.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm posted $1.29 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 30.18%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Roth Capital upped their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus target price of $157.25.

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.