Inspire Investing LLC Lowers Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Inspire Investing LLC cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 37.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,235 shares of the insurance provider’s stock after selling 1,338 shares during the quarter. Inspire Investing LLC’s holdings in Cincinnati Financial were worth $264,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Paces Ferry Wealth Advisors LLC bought a new stake in Cincinnati Financial during the 2nd quarter valued at approximately $254,000. Waterloo Capital L.P. raised its position in shares of Cincinnati Financial by 24.9% during the second quarter. Waterloo Capital L.P. now owns 6,469 shares of the insurance provider’s stock valued at $764,000 after buying an additional 1,290 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Cincinnati Financial by 11.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,709 shares of the insurance provider’s stock worth $1,242,000 after buying an additional 1,105 shares in the last quarter. Amalgamated Bank grew its stake in Cincinnati Financial by 30.5% during the second quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider’s stock valued at $4,976,000 after acquiring an additional 9,854 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in Cincinnati Financial by 261.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,508 shares of the insurance provider’s stock valued at $1,595,000 after acquiring an additional 9,768 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $136.19 on Wednesday. The firm has a market capitalization of $21.32 billion, a PE ratio of 9.06, a PEG ratio of 2.60 and a beta of 0.66. The stock’s fifty day moving average is $131.13 and its 200 day moving average is $122.57. Cincinnati Financial Co. has a fifty-two week low of $96.86 and a fifty-two week high of $139.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27.

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

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Analyst Upgrades and Downgrades

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

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.