Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 342 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,857 shares of the insurance provider’s stock after selling 342 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Cincinnati Financial were worth $1,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CINF. Heritage Wealth Management Inc. acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at $3,795,000. Sanctuary Advisors LLC bought a new position in Cincinnati Financial in the second quarter valued at about $4,384,000. Aurora Investment Counsel increased its position in Cincinnati Financial by 1.1% in the second quarter. Aurora Investment Counsel now owns 13,846 shares of the insurance provider’s stock worth $1,635,000 after purchasing an additional 153 shares during the period. Regal Investment Advisors LLC raised its holdings in Cincinnati Financial by 17.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 36,947 shares of the insurance provider’s stock worth $4,363,000 after purchasing an additional 5,503 shares during the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new position in Cincinnati Financial during the 2nd quarter valued at about $344,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.9 %

CINF opened at $137.28 on Wednesday. Cincinnati Financial Co. has a twelve month low of $96.86 and a twelve month high of $139.34. The firm has a market cap of $21.49 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s fifty day moving average is $132.40 and its two-hundred day moving average is $123.16.

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

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be given a $0.81 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.36%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Analyst Upgrades and Downgrades

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

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.