ProShare Advisors LLC Sells 113,515 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

ProShare Advisors LLC decreased its position in Cincinnati Financial Co. (NASDAQ:CINF) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,389,809 shares of the insurance provider’s stock after selling 113,515 shares during the period. ProShare Advisors LLC’s holdings in Cincinnati Financial were worth $199,716,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the 4th quarter worth about $27,000. Y.D. More Investments Ltd boosted its stake in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in Cincinnati Financial in the 4th quarter worth about $50,000. Finally, Kentucky Trust Co bought a new position in Cincinnati Financial in the 4th quarter worth about $51,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

CINF opened at $146.30 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a market capitalization of $22.87 billion, a P/E ratio of 10.08, a P/E/G ratio of 8.30 and a beta of 0.73. The company’s 50-day simple moving average is $140.01 and its two-hundred day simple moving average is $142.96. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. As a group, analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CINF shares. Roth Mkm upped their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.40.

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.