Leavell Investment Management Inc. Cuts Stock Position in Cincinnati Financial Corporation $CINF

Leavell Investment Management Inc. decreased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,731 shares of the insurance provider’s stock after selling 100 shares during the period. Leavell Investment Management Inc.’s holdings in Cincinnati Financial were worth $1,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CINF. GQG Partners LLC acquired a new stake in shares of Cincinnati Financial during the first quarter worth about $270,005,000. Raymond James Financial Inc. grew its holdings in shares of Cincinnati Financial by 558.8% in the first quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock valued at $79,909,000 after purchasing an additional 458,841 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after buying an additional 358,018 shares during the period. Nuveen LLC acquired a new stake in Cincinnati Financial during the 1st quarter worth approximately $47,070,000. Finally, Woodline Partners LP boosted its position in Cincinnati Financial by 3,392.1% in the 1st quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider’s stock valued at $48,423,000 after buying an additional 318,413 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $156.67 on Monday. The company has a market cap of $24.50 billion, a P/E ratio of 13.59, a PEG ratio of 7.01 and a beta of 0.72. The firm has a fifty day moving average price of $155.91 and a 200 day moving average price of $149.29. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90.

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

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is 30.18%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a research report on Friday. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Roth Capital increased their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.25.

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.