Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 9.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,546 shares of the insurance provider’s stock after selling 364 shares during the quarter. Shell Asset Management Co.’s holdings in Cincinnati Financial were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. United Capital Financial Advisers LLC lifted its stake in shares of Cincinnati Financial by 0.9% during the first quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider’s stock valued at $1,311,000 after buying an additional 87 shares during the period. PDS Planning Inc lifted its stake in shares of Cincinnati Financial by 0.5% during the 2nd quarter. PDS Planning Inc now owns 19,980 shares of the insurance provider’s stock worth $2,377,000 after purchasing an additional 94 shares during the period. Lincoln Capital LLC boosted its holdings in shares of Cincinnati Financial by 1.1% during the first quarter. Lincoln Capital LLC now owns 9,323 shares of the insurance provider’s stock worth $1,268,000 after purchasing an additional 100 shares during the last quarter. MAI Capital Management grew its position in shares of Cincinnati Financial by 0.7% in the second quarter. MAI Capital Management now owns 14,265 shares of the insurance provider’s stock valued at $1,697,000 after purchasing an additional 102 shares during the period. Finally, Foster & Motley Inc. increased its stake in Cincinnati Financial by 2.2% in the second quarter. Foster & Motley Inc. now owns 6,098 shares of the insurance provider’s stock valued at $726,000 after purchasing an additional 131 shares during the last quarter. 64.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CINF shares. Bank of America began coverage on Cincinnati Financial in a report on Tuesday, September 27th. They issued a “neutral” rating and a $92.00 price target for the company. Raymond James initiated coverage on shares of Cincinnati Financial in a research report on Friday, September 23rd. They set a “market perform” rating for the company. TheStreet lowered shares of Cincinnati Financial from a “b” rating to a “c+” rating in a report on Wednesday, July 27th. Finally, StockNews.com downgraded Cincinnati Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, Cincinnati Financial currently has an average rating of “Hold” and an average target price of $111.00.

Cincinnati Financial Trading Down 0.5 %

NASDAQ CINF opened at $105.86 on Thursday. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of -294.06 and a beta of 0.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Co. has a one year low of $88.66 and a one year high of $143.22. The company’s 50 day moving average price is $98.76 and its 200 day moving average price is $108.43.

Cincinnati Financial (NASDAQ:CINFGet Rating) last issued its earnings results on Monday, October 31st. The insurance provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. Cincinnati Financial had a negative net margin of 0.43% and a positive return on equity of 7.00%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the firm posted $1.28 EPS. The business’s revenue for the quarter was down 21.1% compared to the same quarter last year. On average, sell-side analysts predict that Cincinnati Financial Co. will post 4.22 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 16th were paid a $0.69 dividend. The ex-dividend date was Thursday, September 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.61%. Cincinnati Financial’s dividend payout ratio (DPR) is currently -766.67%.

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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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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