Fifth Third Bancorp Sells 7,241 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Fifth Third Bancorp lessened its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 592,961 shares of the insurance provider’s stock after selling 7,241 shares during the quarter. Fifth Third Bancorp owned about 0.38% of Cincinnati Financial worth $87,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CINF. Capital Advisors Ltd. LLC grew 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 buying an additional 250 shares during the period. GoalVest Advisory LLC grew its holdings in Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 102 shares during the period. Whipplewood Advisors LLC grew its holdings in Cincinnati Financial by 333.3% during the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 200 shares during the period. EverSource Wealth Advisors LLC increased its stake in Cincinnati Financial by 157.7% in the fourth 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. Finally, McClarren Financial Advisors Inc. acquired a new stake in Cincinnati Financial in the fourth quarter worth $50,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $146.99 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78. The stock’s 50-day moving average is $141.81 and its 200-day moving average is $143.11. 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 earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the business posted $1.72 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is currently 37.95%.

Analysts Set New Price Targets

A number of analysts recently commented on CINF shares. Keefe, Bruyette & Woods lowered their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.40.

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.