CENTRAL TRUST Co Has $602,000 Stock Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

CENTRAL TRUST Co decreased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,073 shares of the insurance provider’s stock after selling 238 shares during the quarter. CENTRAL TRUST Co’s holdings in Cincinnati Financial were worth $602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park National Corp OH boosted its holdings in Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider’s stock valued at $1,874,000 after acquiring an additional 72 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of Cincinnati Financial by 0.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider’s stock worth $2,871,000 after purchasing an additional 91 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in Cincinnati Financial by 0.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider’s stock valued at $2,147,000 after purchasing an additional 94 shares during the period. GoalVest Advisory LLC grew its holdings in Cincinnati Financial by 65.4% in the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after buying an additional 102 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in Cincinnati Financial by 18.3% in the 4th quarter. Global Retirement Partners LLC now owns 667 shares of the insurance provider’s stock worth $96,000 after buying an additional 103 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.3%

Cincinnati Financial stock opened at $145.70 on Thursday. The business has a 50 day moving average price of $143.45 and a two-hundred day moving average price of $142.65. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 12 month low of $113.70 and a 12 month high of $161.75. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 9.65 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. Cincinnati Financial’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. As a group, equities analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is 37.95%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Profile

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.