Cincinnati Financial Co. (NASDAQ:CINF) Position Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,330 shares of the insurance provider’s stock after selling 349 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cincinnati Financial were worth $1,456,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CINF. Rothschild Investment LLC acquired a new stake in shares of Cincinnati Financial in the second quarter valued at $29,000. Raleigh Capital Management Inc. acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Cincinnati Financial during the 1st quarter valued at about $47,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at about $49,000. Finally, Innealta Capital LLC acquired a new position in shares of Cincinnati Financial in the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

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

Cincinnati Financial Price Performance

CINF opened at $138.72 on Friday. The firm has a market capitalization of $21.72 billion, a P/E ratio of 9.23, a PEG ratio of 2.65 and a beta of 0.66. The stock has a fifty day moving average of $133.34 and a 200-day moving average of $123.53. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 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 analyst estimates of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $1.21 EPS. Equities analysts forecast that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business 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 $0.81 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. 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.