Short Interest in Cincinnati Financial Co. (NASDAQ:CINF) Declines By 15.6%

Cincinnati Financial Co. (NASDAQ:CINFGet Rating) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 3,200,000 shares, a drop of 15.6% from the April 15th total of 3,790,000 shares. Based on an average daily trading volume, of 737,100 shares, the short-interest ratio is presently 4.3 days. Currently, 2.0% of the company’s stock are sold short.

A number of research analysts have weighed in on the stock. StockNews.com initiated coverage on shares of Cincinnati Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Cincinnati Financial from a “strong-buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Tuesday, April 19th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial currently has a consensus rating of “Hold” and an average price target of $134.75.

Large investors have recently modified their holdings of the stock. Covestor Ltd purchased a new position in Cincinnati Financial during the fourth quarter valued at approximately $26,000. Wagner Wealth Management LLC grew its stake in Cincinnati Financial by 43.8% during the third quarter. Wagner Wealth Management LLC now owns 279 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 85 shares in the last quarter. Hardy Reed LLC purchased a new position in Cincinnati Financial during the first quarter valued at approximately $43,000. Eagle Bay Advisors LLC grew its stake in Cincinnati Financial by 32.9% during the third quarter. Eagle Bay Advisors LLC now owns 396 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 98 shares in the last quarter. Finally, CWM LLC bought a new stake in Cincinnati Financial during the fourth quarter valued at approximately $46,000. 66.34% of the stock is owned by institutional investors.

NASDAQ CINF opened at $126.97 on Wednesday. Cincinnati Financial has a 52-week low of $108.88 and a 52-week high of $143.22. The company has a 50-day simple moving average of $132.07 and a 200 day simple moving average of $123.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $20.36 billion, a PE ratio of 10.08 and a beta of 0.67.

Cincinnati Financial (NASDAQ:CINFGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.10. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.83 billion. Cincinnati Financial had a net margin of 23.82% and a return on equity of 8.79%. The firm’s quarterly revenue was down 45.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 earnings per share. As a group, analysts forecast that Cincinnati Financial will post 5.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, June 17th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $2.76 annualized dividend and a dividend yield of 2.17%. Cincinnati Financial’s payout ratio is 21.92%.

Cincinnati Financial Company Profile (Get Rating)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.

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