Clarius Group LLC Reduces Holdings in Cincinnati Financial Corporation $CINF

Clarius Group LLC cut its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 8.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 78,334 shares of the insurance provider’s stock after selling 7,518 shares during the quarter. Cincinnati Financial comprises 0.7% of Clarius Group LLC’s holdings, making the stock its 25th largest position. Clarius Group LLC’s holdings in Cincinnati Financial were worth $11,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CINF. Vanguard Group Inc. boosted its position in Cincinnati Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider’s stock valued at $2,844,419,000 after buying an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Cincinnati Financial by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after acquiring an additional 358,018 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Cincinnati Financial by 2.2% in the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider’s stock worth $273,062,000 after acquiring an additional 40,222 shares in the last quarter. GQG Partners LLC acquired a new position in shares of Cincinnati Financial in the first quarter worth about $270,005,000. Finally, Johnson Investment Counsel Inc. increased its holdings in Cincinnati Financial by 4.2% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,388,176 shares of the insurance provider’s stock worth $205,061,000 after purchasing an additional 55,487 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 1.7%

NASDAQ:CINF opened at $163.29 on Friday. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $164.03. The firm has a market capitalization of $25.54 billion, a P/E ratio of 14.16, a P/E/G ratio of 7.99 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $153.62 and a 200 day simple moving average of $147.45.

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

Cincinnati Financial Announces Dividend

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

Analyst Upgrades and Downgrades

CINF has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Saturday, September 27th. Roth Capital increased their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.40.

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.