Cincinnati Financial Corporation $CINF Shares Sold by OLD Republic International Corp

OLD Republic International Corp lessened its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,900 shares of the insurance provider’s stock after selling 30,200 shares during the period. Cincinnati Financial accounts for about 2.4% of OLD Republic International Corp’s holdings, making the stock its 14th biggest position. OLD Republic International Corp owned approximately 0.24% of Cincinnati Financial worth $60,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CINF. Lodestone Wealth Management LLC acquired a new position in Cincinnati Financial in the 4th quarter valued at about $25,000. LRI Investments LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at about $29,000. Redmont Wealth Advisors LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at about $30,000. Legacy Wealth Managment LLC ID increased its position in Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 108 shares during the period. Finally, Oakworth Capital Inc. acquired a new position in Cincinnati Financial in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CINF. Weiss Ratings cut Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 12th. Roth Mkm boosted their price target on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Bank of America dropped their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.75.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $168.10 on Friday. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The business has a fifty day moving average of $162.67 and a two-hundred day moving average of $163.49. The company has a market cap of $26.00 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 3.65 and a beta of 0.59.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company earned ($0.24) earnings per share. Cincinnati Financial’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts predict that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.