Cincinnati Financial Corporation $CINF Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lessened its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 66.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,609 shares of the insurance provider’s stock after selling 23,497 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Cincinnati Financial were worth $1,896,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Lodestone Wealth Management LLC acquired a new stake in Cincinnati Financial during the fourth quarter valued at $25,000. LRI Investments LLC purchased a new position in Cincinnati Financial during the third quarter worth approximately $29,000. Redmont Wealth Advisors LLC purchased a new position in Cincinnati Financial during the third quarter worth approximately $30,000. Quent Capital LLC purchased a new position in Cincinnati Financial during the third quarter worth approximately $34,000. Finally, Legacy Wealth Managment LLC ID boosted its position in Cincinnati Financial by 78.8% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $166.42 on Friday. Cincinnati Financial Corporation has a 12 month low of $143.37 and a 12 month high of $174.27. The stock has a 50 day moving average of $162.34 and a two-hundred day moving average of $163.00. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. The firm has a market cap of $25.74 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.59.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.61 billion. During the same period in the previous year, the business earned ($0.24) EPS. Cincinnati Financial’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts expect 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 paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is 21.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CINF. Roth Mkm increased their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America reduced their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Wall Street Zen cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Finally, Weiss Ratings cut shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.75.

Cincinnati Financial Company 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.