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

First City Capital Management Inc. lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 9.6% during the second quarter, Holdings Channel.com reports. The fund owned 8,973 shares of the insurance provider’s stock after selling 952 shares during the period. First City Capital Management Inc.’s holdings in Cincinnati Financial were worth $1,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Assetmark Inc. increased its position in shares of Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. Rothschild Investment LLC acquired a new position in Cincinnati Financial during the second quarter worth $29,000. Raleigh Capital Management Inc. bought a new stake in Cincinnati Financial during the fourth quarter worth $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Cincinnati Financial in the 1st quarter valued at about $47,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Cincinnati Financial in the 2nd quarter valued at about $49,000. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CINF shares. 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 research note on Friday, July 26th. Keefe, Bruyette & Woods raised 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. Bank of America decreased 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. Finally, Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.57.

Cincinnati Financial Stock Performance

CINF opened at $134.63 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $21.08 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66. The business has a fifty day simple moving average of $130.65 and a 200 day simple moving average of $122.27. Cincinnati Financial Co. has a 1 year low of $96.86 and a 1 year high of $139.34.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results 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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. Cincinnati Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $1.21 earnings per share. Research analysts expect that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

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

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.