Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,700 shares of the insurance provider’s stock after selling 1,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cincinnati Financial were worth $7,287,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CINF. Assetmark Inc. lifted its stake in Cincinnati Financial by 252.2% in the fourth quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 174 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Cincinnati Financial during the fourth quarter worth $31,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the first quarter valued at $47,000. Robeco Institutional Asset Management B.V. raised its stake in Cincinnati Financial by 95.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 47,999 shares of the insurance provider’s stock valued at $53,000 after buying an additional 23,477 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in Cincinnati Financial during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CINF. Roth Mkm increased their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Bank of America reduced their price objective on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $133.57.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $132.81 on Monday. The firm’s fifty day simple moving average is $123.04 and its 200-day simple moving average is $118.93. Cincinnati Financial Co. has a 12 month low of $96.86 and a 12 month high of $133.12. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 2.84 and a beta of 0.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the business posted $1.21 earnings per share. Cincinnati Financial’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities analysts forecast that Cincinnati Financial Co. will post 6.46 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.44%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

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.