Stock Yards Bank & Trust Co. Sells 630 Shares of Cincinnati Financial Corporation $CINF

Stock Yards Bank & Trust Co. cut its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,527 shares of the insurance provider’s stock after selling 630 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Cincinnati Financial were worth $1,717,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. acquired a new stake in Cincinnati Financial in the second quarter worth $25,000. Spire Wealth Management raised its holdings in Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. acquired a new stake in Cincinnati Financial in the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in Cincinnati Financial in the first quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial in the first quarter worth $32,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on CINF shares. Roth Capital raised their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.40.

Cincinnati Financial Stock Performance

Shares of CINF opened at $163.29 on Friday. The firm has a 50-day moving average of $153.62 and a 200-day moving average of $147.45. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $164.03. The company has a market cap of $25.54 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 7.99 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. Cincinnati Financial’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. As a group, equities analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s payout ratio is presently 30.18%.

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.