Cincinnati Financial Corporation $CINF Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. trimmed its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,731 shares of the insurance provider’s stock after selling 100 shares during the quarter. Leavell Investment Management Inc.’s holdings in Cincinnati Financial were worth $1,158,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new stake in shares of Cincinnati Financial during the second quarter worth $25,000. Spire Wealth Management boosted its position in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 76 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Cincinnati Financial during the 1st quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial in the 1st quarter valued at about $32,000. Finally, AlphaQuest LLC lifted its stake in Cincinnati Financial by 714.3% in the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.6%

Shares of Cincinnati Financial stock opened at $156.67 on Monday. The stock has a 50 day moving average of $155.91 and a 200 day moving average of $149.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $24.50 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 7.01 and a beta of 0.72. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $166.90.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 EPS. As a group, research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is 30.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Roth Capital upped their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a research note on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.25.

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.