Sentry Investment Management LLC lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,734 shares of the insurance provider’s stock after selling 776 shares during the quarter. Sentry Investment Management LLC’s holdings in Cincinnati Financial were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Berman Capital Advisors LLC bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $37,000. Clarus Wealth Advisors acquired a new stake in Cincinnati Financial during the 4th quarter worth approximately $38,000. Portfolio Solutions LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth approximately $39,000. Princeton Global Asset Management LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth approximately $41,000. Finally, Parallel Advisors LLC lifted its holdings in Cincinnati Financial by 30.5% during the 1st quarter. Parallel Advisors LLC now owns 758 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 177 shares during the last quarter. 64.05% of the stock is currently owned by hedge funds and other institutional investors.
Cincinnati Financial stock opened at $99.69 on Friday. Cincinnati Financial Co. has a one year low of $66.33 and a one year high of $100.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 29.76 and a beta of 0.72.
Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.11. Cincinnati Financial had a return on equity of 7.35% and a net margin of 15.97%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company earned $0.72 EPS. The company’s revenue was up 76.4% on a year-over-year basis. Equities research analysts expect that Cincinnati Financial Co. will post 3.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.24 dividend on an annualized basis and a yield of 2.25%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 66.87%.
A number of research firms have commented on CINF. MKM Partners restated a “buy” rating and set a $120.00 price objective (up previously from $100.00) on shares of Cincinnati Financial in a research note on Friday. BidaskClub upgraded Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Credit Suisse Group upgraded Cincinnati Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $90.00 to $110.00 in a research note on Friday, May 17th. Finally, Zacks Investment Research lowered Cincinnati Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $101.75.
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About Cincinnati Financial
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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