ProShare Advisors LLC Decreases Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

ProShare Advisors LLC trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,389,809 shares of the insurance provider’s stock after selling 113,515 shares during the quarter. ProShare Advisors LLC owned 0.89% of Cincinnati Financial worth $199,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CINF. Norges Bank purchased a new position in shares of Cincinnati Financial in the fourth quarter worth $223,959,000. Topsail Wealth Management LLC purchased a new position in Cincinnati Financial during the 4th quarter valued at $47,114,000. Caisse DE Depot ET Placement DU Quebec increased its position in Cincinnati Financial by 62.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider’s stock valued at $90,166,000 after purchasing an additional 241,540 shares during the period. Charles Schwab Investment Management Inc. increased its position in Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after purchasing an additional 224,033 shares during the period. Finally, First Trust Advisors LP increased its position in Cincinnati Financial by 26.7% during the 4th quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider’s stock valued at $140,910,000 after purchasing an additional 206,693 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CINF. StockNews.com raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $146.30 on Thursday. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The stock has a market cap of $22.87 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $140.01 and its 200-day moving average price is $142.96.

Cincinnati Financial (NASDAQ:CINF) last announced 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. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the business posted $1.72 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

Cincinnati Financial Company 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.