IFM Investors Pty Ltd Sells 710 Shares of Cincinnati Financial Corporation $CINF

IFM Investors Pty Ltd trimmed its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,134 shares of the insurance provider’s stock after selling 710 shares during the period. IFM Investors Pty Ltd’s holdings in Cincinnati Financial were worth $4,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Park National Corp OH raised its holdings in Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider’s stock worth $1,874,000 after acquiring an additional 72 shares in the last quarter. Spire Wealth Management raised 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 acquiring an additional 76 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Cincinnati Financial by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider’s stock worth $2,871,000 after acquiring an additional 91 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in Cincinnati Financial by 4.1% during the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock worth $352,000 after acquiring an additional 94 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. raised its holdings in Cincinnati Financial by 5.2% during the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock worth $279,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the topic of several research analyst reports. Roth Capital upped their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.40.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $156.76 on Friday. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $161.74. The stock’s 50 day moving average is $151.00 and its 200-day moving average is $145.95. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 7.45 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results 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 the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. Equities research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio is currently 30.18%.

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.