Commerce Bank Trims Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Commerce Bank trimmed its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,924 shares of the insurance provider’s stock after selling 132 shares during the period. Commerce Bank’s holdings in Cincinnati Financial were worth $1,282,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the 4th quarter valued at approximately $27,000. Y.D. More Investments Ltd increased its holdings in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 205 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth about $50,000. Finally, Kentucky Trust Co acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at about $51,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Roth Mkm boosted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Trading Down 3.4 %

Shares of CINF opened at $127.72 on Tuesday. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The stock has a market cap of $20.00 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The firm’s fifty day moving average is $139.43 and its two-hundred day moving average is $142.55. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.72%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 23.97%.

About Cincinnati Financial

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.