UNIVEST FINANCIAL Corp Sells 1,000 Shares of Cincinnati Financial Corporation $CINF

UNIVEST FINANCIAL Corp reduced its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 9.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,418 shares of the insurance provider’s stock after selling 1,000 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Cincinnati Financial were worth $1,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in Cincinnati Financial during the 2nd quarter valued at about $25,000. Spire Wealth Management increased its stake in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Cincinnati Financial during the 1st quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in Cincinnati Financial during the 1st quarter valued at about $32,000. Finally, AlphaQuest LLC increased its stake in Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, October 28th. The stock was purchased at an average price of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CINF shares. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, Roth Capital reissued a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $167.67.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $154.36 on Friday. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90. The firm has a market capitalization of $24.08 billion, a P/E ratio of 11.49, a PEG ratio of 4.27 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $156.05 and a 200-day moving average price of $149.77.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial’s dividend payout ratio is presently 25.89%.

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.