Crossmark Global Holdings Inc. Sells 183 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Crossmark Global Holdings Inc. trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,173 shares of the insurance provider’s stock after selling 183 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Cincinnati Financial were worth $1,084,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CINF. Assetmark Inc. boosted its position in Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 174 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cincinnati Financial in the 1st quarter worth approximately $47,000. Innealta Capital LLC bought a new stake in shares of Cincinnati Financial in the 2nd quarter worth approximately $52,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Cincinnati Financial by 95.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 47,999 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 23,477 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF opened at $137.03 on Friday. The firm has a market cap of $21.45 billion, a PE ratio of 9.12, a P/E/G ratio of 2.84 and a beta of 0.65. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $125.08 and a two-hundred day simple moving average of $119.69. Cincinnati Financial Co. has a 1-year low of $96.86 and a 1-year high of $137.51.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. On average, equities analysts anticipate that Cincinnati Financial Co. will post 6.46 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.36%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Wall Street Analyst Weigh In

CINF has been the topic of a number of analyst reports. Roth Mkm boosted their price target on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America dropped their price target on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $126.00 to $135.00 in a report on Friday, June 28th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.57.

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.