Cincinnati Financial Corporation $CINF Shares Sold by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC lowered its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,571 shares of the insurance provider’s stock after selling 164 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $234,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new position in shares of Cincinnati Financial in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of Cincinnati Financial in the first quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial in the first quarter worth approximately $32,000. AlphaQuest LLC increased its position in shares of Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Cincinnati Financial by 51.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF opened at $154.59 on Friday. The company’s 50 day moving average price is $156.03 and its 200 day moving average price is $149.92. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90. The company has a market capitalization of $24.12 billion, a PE ratio of 11.50, a PEG ratio of 4.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CINF. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Roth Capital reissued a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $167.67.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was bought at an average cost of $153.98 per share, with a total value of $153,980.00. Following the completion of the transaction, the director directly owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. The trade was a 1.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.83% of the stock is owned by corporate insiders.

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.