Cincinnati Financial Corporation $CINF Shares Sold by MGO One Seven LLC

MGO One Seven LLC trimmed its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 30.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,146 shares of the insurance provider’s stock after selling 1,365 shares during the period. MGO One Seven LLC’s holdings in Cincinnati Financial were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CINF. ORG Partners LLC lifted its holdings in shares of Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 72 shares in the last quarter. Spire Wealth Management raised its position in 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. 3Chopt Investment Partners LLC lifted its stake in shares of Cincinnati Financial by 5.7% during the second quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock worth $246,000 after purchasing an additional 89 shares in the last quarter. CWA Asset Management Group LLC boosted its position in shares of Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock worth $352,000 after buying an additional 94 shares during the period. Finally, Brass Tax Wealth Management Inc. grew its stake in shares of Cincinnati Financial by 5.2% in the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock valued at $279,000 after buying an additional 94 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CINF shares. Roth Capital boosted their price target on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.25.

Cincinnati Financial Stock Performance

Shares of CINF opened at $153.02 on Friday. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 7.16 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $155.54 and its two-hundred day moving average is $148.35. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $166.90.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. Analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were paid 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 is 30.18%.

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.