Farmers Trust Co. Lowers Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Farmers Trust Co. decreased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 7.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 20,414 shares of the insurance provider’s stock after selling 1,740 shares during the period. Farmers Trust Co.’s holdings in Cincinnati Financial were worth $3,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at about $27,000. Y.D. More Investments Ltd lifted its stake in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Cincinnati Financial by 157.7% in 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 in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at about $50,000. Finally, Kentucky Trust Co acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at about $51,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods reduced their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Wall Street Zen raised 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $149.97 on Friday. The stock’s 50 day moving average price is $140.96 and its 200 day moving average price is $143.27. The firm has a market capitalization of $23.44 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 EPS. As a group, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

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.