Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Decreases Stock Position in Cincinnati Financial Corporation $CINF

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 23.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,169 shares of the insurance provider’s stock after selling 1,856 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Cincinnati Financial were worth $919,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CINF. Bison Wealth LLC purchased a new stake in Cincinnati Financial in the 4th quarter worth $210,000. GAMMA Investing LLC lifted its stake in Cincinnati Financial by 7.0% in the 1st quarter. GAMMA Investing LLC now owns 5,524 shares of the insurance provider’s stock worth $816,000 after purchasing an additional 359 shares in the last quarter. Spire Wealth Management lifted its stake in Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 76 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Cincinnati Financial by 14.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,391 shares of the insurance provider’s stock worth $501,000 after purchasing an additional 434 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Cincinnati Financial by 12.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,332 shares of the insurance provider’s stock worth $21,881,000 after purchasing an additional 16,854 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CINF. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Roth Capital boosted their target price 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $157.25.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $156.67 on Monday. The company has a market cap of $24.50 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 7.01 and a beta of 0.72. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $166.90. The company’s 50-day moving average price is $155.91 and its 200-day moving average price is $149.29. 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 (NASDAQ:CINF) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.39 by $0.58. The company had revenue of $2.48 billion for 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%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. On average, equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

About Cincinnati Financial

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.