Stratos Wealth Partners LTD. Sells 1,753 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Stratos Wealth Partners LTD. lowered its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 41.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,427 shares of the insurance provider’s stock after selling 1,753 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Cincinnati Financial were worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Spire Wealth Management raised its stake in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 76 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Cincinnati Financial in the first quarter valued at $30,000. Capital Advisors Ltd. LLC raised its stake in shares of Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 250 shares during the period. GoalVest Advisory LLC increased its stake in Cincinnati Financial by 65.4% in the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock worth $38,000 after buying an additional 102 shares during the period. Finally, Whipplewood Advisors LLC increased its stake in Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock worth $38,000 after buying an additional 200 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

CINF opened at $145.80 on Wednesday. The stock has a 50-day moving average of $147.75 and a 200-day moving average of $142.22. Cincinnati Financial Corporation has a 52-week low of $115.43 and a 52-week high of $161.75. The company has a market cap of $22.79 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 9.91 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. As a group, equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is presently 37.95%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CINF. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $150.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Cincinnati Financial 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.