Greenleaf Trust Decreases Stock Holdings in Cincinnati Financial Corporation $CINF

Greenleaf Trust lowered its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 39.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,642 shares of the insurance provider’s stock after selling 1,064 shares during the period. Greenleaf Trust’s holdings in Cincinnati Financial were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CINF. Quintet Private Bank Europe S.A. purchased a new stake in Cincinnati Financial during the second quarter worth about $25,000. Spire Wealth Management boosted its holdings in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after buying an additional 76 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Cincinnati Financial during the first quarter worth about $26,000. Alpine Bank Wealth Management purchased a new stake in Cincinnati Financial during the first quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Cincinnati Financial during the first quarter worth about $32,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $163.29 on Friday. 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 Corporation has a one year low of $123.01 and a one year high of $164.03. The company has a 50 day moving average price of $153.62 and a 200 day moving average price of $147.45. The firm has a market capitalization of $25.54 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 7.99 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. Cincinnati Financial’s revenue for the quarter was up 15.5% on a year-over-year basis. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial’s payout ratio is currently 30.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CINF. Roth Capital lifted their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.40.

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.