CENTRAL TRUST Co Has $602,000 Stock Position in Cincinnati Financial Corporation (NASDAQ:CINF)

CENTRAL TRUST Co cut its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 5.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,073 shares of the insurance provider’s stock after selling 238 shares during the quarter. CENTRAL TRUST Co’s holdings in Cincinnati Financial were worth $602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CINF. GoalVest Advisory LLC grew its position in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 102 shares during the period. Whipplewood Advisors LLC grew its holdings in shares of Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Cincinnati Financial during the 1st quarter valued at about $47,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

CINF has been the topic of several research analyst reports. Wall Street Zen raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Stock Up 0.3%

Shares of NASDAQ CINF opened at $145.70 on Thursday. Cincinnati Financial Corporation has a 12-month low of $113.70 and a 12-month high of $161.75. The firm’s 50-day simple moving average is $143.45 and its 200 day simple moving average is $142.65. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $22.77 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 9.65 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. On average, research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

Cincinnati Financial Company 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.