Foster & Motley Inc. Trims Position in Cincinnati Financial Corporation $CINF

Foster & Motley Inc. lessened its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,284 shares of the insurance provider’s stock after selling 262 shares during the quarter. Foster & Motley Inc.’s holdings in Cincinnati Financial were worth $489,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GQG Partners LLC purchased a new position in shares of Cincinnati Financial in the 1st quarter worth $270,005,000. Raymond James Financial Inc. raised its position in shares of Cincinnati Financial by 558.8% in the 1st quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock worth $79,909,000 after buying an additional 458,841 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Cincinnati Financial by 6.0% in 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 purchased a new position in shares of Cincinnati Financial in the 1st quarter worth $47,070,000. Finally, Woodline Partners LP raised its position in shares of Cincinnati Financial by 3,392.1% in the 1st quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider’s stock worth $48,423,000 after buying an additional 318,413 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 1.1%

NASDAQ:CINF opened at $153.02 on Monday. The business’s 50-day moving average is $155.54 and its two-hundred day moving average is $148.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. The firm has a market capitalization of $23.93 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 7.16 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 EPS for the quarter, beating the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company posted $1.29 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. Research 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 paid a dividend of $0.87 per share. The ex-dividend date was Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 30.18%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Finally, Roth Capital raised their price objective 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.25.

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.