Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Sepio Capital LP

Sepio Capital LP cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,379 shares of the insurance provider’s stock after selling 2,389 shares during the quarter. Sepio Capital LP’s holdings in Cincinnati Financial were worth $2,052,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Assetmark Inc. boosted its stake in Cincinnati Financial by 252.2% in the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 174 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Cincinnati Financial in the second quarter worth $29,000. Raleigh Capital Management Inc. purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at $31,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial during the first quarter valued at $47,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Cincinnati Financial in the 2nd quarter worth about $49,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cincinnati Financial Trading Up 0.5 %

Cincinnati Financial stock opened at $135.64 on Friday. Cincinnati Financial Co. has a one year low of $96.86 and a one year high of $139.34. The company’s fifty day moving average price is $131.47 and its two-hundred day moving average price is $122.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 2.65 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. On average, analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

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.