First City Capital Management Inc. Has $1.06 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

First City Capital Management Inc. lessened its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,973 shares of the insurance provider’s stock after selling 952 shares during the quarter. First City Capital Management Inc.’s holdings in Cincinnati Financial were worth $1,060,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH boosted its stake in Cincinnati Financial by 1.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock valued at $178,845,000 after acquiring an additional 16,451 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cincinnati Financial by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after purchasing an additional 187,934 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Cincinnati Financial by 10.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Cincinnati Financial by 7.8% during the second quarter. Boston Trust Walden Corp now owns 757,795 shares of the insurance provider’s stock worth $89,496,000 after purchasing an additional 55,033 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in Cincinnati Financial by 36.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 679,861 shares of the insurance provider’s stock valued at $70,338,000 after purchasing an additional 180,355 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Ratings Changes

CINF has been the topic of a number of recent analyst reports. Bank of America reduced their target price on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm lifted their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.57.

Cincinnati Financial Stock Down 0.8 %

Shares of CINF stock opened at $134.63 on Friday. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $130.65 and a 200-day moving average of $122.27. The company has a market capitalization of $21.08 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 2.60 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. As a group, equities research analysts predict that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s payout ratio is 21.56%.

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.