Community Financial Services Group LLC Sells 304 Shares of Cincinnati Financial Corporation $CINF

Community Financial Services Group LLC trimmed its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 13.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,928 shares of the insurance provider’s stock after selling 304 shares during the quarter. Community Financial Services Group LLC’s holdings in Cincinnati Financial were worth $287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new stake in Cincinnati Financial during the 2nd quarter worth approximately $25,000. Spire Wealth Management increased its holdings in Cincinnati Financial by 77.6% during 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. Meeder Asset Management Inc. bought a new stake in Cincinnati Financial during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new stake in Cincinnati Financial during the 1st quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in Cincinnati Financial during the 1st quarter worth approximately $32,000. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CINF shares. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Roth Capital upped their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.40.

Cincinnati Financial Stock Performance

CINF stock opened at $159.79 on Thursday. The firm has a market cap of $24.99 billion, a PE ratio of 13.86, a P/E/G ratio of 7.74 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $153.09 and a 200-day moving average of $147.24. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company posted $1.29 earnings per share. Cincinnati Financial’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be 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 of this dividend is Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is 30.18%.

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.