Inspire Advisors LLC Cuts Stock Position in Cincinnati Financial Corporation $CINF

Inspire Advisors LLC trimmed its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,268 shares of the insurance provider’s stock after selling 337 shares during the period. Inspire Advisors LLC’s holdings in Cincinnati Financial were worth $784,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CINF. Vanguard Group Inc. raised its position in shares of Cincinnati Financial by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,572,511 shares of the insurance provider’s stock worth $2,914,738,000 after purchasing an additional 317,033 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after buying an additional 358,018 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Cincinnati Financial by 2.2% during the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider’s stock valued at $273,062,000 after acquiring an additional 40,222 shares during the last quarter. GQG Partners LLC purchased a new position in shares of Cincinnati Financial in the first quarter valued at approximately $270,005,000. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Cincinnati Financial by 4.4% in the first quarter. Bahl & Gaynor Inc. now owns 1,169,676 shares of the insurance provider’s stock worth $172,785,000 after acquiring an additional 49,593 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the acquisition, the director owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. The trade was a 1.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 0.6%

Shares of CINF opened at $162.37 on Wednesday. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $168.20. 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 stock has a fifty day simple moving average of $158.16 and a two-hundred day simple moving average of $152.44. The company has a market capitalization of $25.33 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 4.27 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Cincinnati Financial’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, December 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

Analysts Set New Price Targets

Several research firms recently commented on CINF. Roth Capital reissued a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Cincinnati Financial presently has an average rating of “Buy” and a consensus price target of $171.67.

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.