Cincinnati Financial Corporation $CINF Holdings Trimmed by Forsta AP Fonden

Forsta AP Fonden lessened its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 32.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,600 shares of the insurance provider’s stock after selling 14,100 shares during the period. Forsta AP Fonden’s holdings in Cincinnati Financial were worth $4,408,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CINF. Quintet Private Bank Europe S.A. purchased a new stake in Cincinnati Financial in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Cincinnati Financial in the first quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Cincinnati Financial during the first quarter worth approximately $32,000. AlphaQuest LLC grew its position in Cincinnati Financial by 714.3% during the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Cincinnati Financial by 51.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider’s stock valued at $42,000 after buying an additional 96 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $163.90 on Friday. The stock has a market capitalization of $25.57 billion, a P/E ratio of 12.19, a P/E/G ratio of 4.27 and a beta of 0.69. The business has a 50-day moving average of $157.82 and a two-hundred day moving average of $151.98. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business earned $1.42 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Finally, Roth Capital reaffirmed a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $171.67.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the acquisition, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. The trade was a 1.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.83% of the company’s stock.

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.