Navellier & Associates Inc. Sells 1,061 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Navellier & Associates Inc. decreased its stake in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,994 shares of the insurance provider’s stock after selling 1,061 shares during the quarter. Navellier & Associates Inc.’s holdings in Cincinnati Financial were worth $2,278,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CINF. Vident Investment Advisory LLC bought a new stake in shares of Cincinnati Financial during the third quarter worth $2,751,000. Goldman Sachs Group Inc. boosted its position in shares of Cincinnati Financial by 93.5% during the third quarter. Goldman Sachs Group Inc. now owns 559,472 shares of the insurance provider’s stock worth $63,903,000 after buying an additional 270,334 shares during the period. Xponance Inc. boosted its position in Cincinnati Financial by 632.1% during the fourth quarter. Xponance Inc. now owns 55,586 shares of the insurance provider’s stock valued at $6,333,000 after purchasing an additional 47,993 shares during the last quarter. CFS Investment Advisory Services LLC acquired a new position in Cincinnati Financial during the third quarter valued at approximately $2,278,000. Finally, Toronto Dominion Bank boosted its position in Cincinnati Financial by 16.9% during the fourth quarter. Toronto Dominion Bank now owns 88,376 shares of the insurance provider’s stock valued at $10,069,000 after purchasing an additional 12,764 shares during the last quarter. 66.34% of the stock is currently owned by institutional investors.

CINF stock opened at $127.06 on Friday. The stock has a 50-day moving average price of $131.63 and a 200-day moving average price of $123.53. Cincinnati Financial Co. has a 1-year low of $108.88 and a 1-year high of $143.22. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.07. The firm has a market cap of $20.37 billion, a PE ratio of 10.09 and a beta of 0.67.

Cincinnati Financial (NASDAQ:CINFGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The insurance provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.10. Cincinnati Financial had a return on equity of 8.79% and a net margin of 23.82%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company posted $1.37 EPS. The business’s quarterly revenue was down 45.4% on a year-over-year basis. On average, analysts forecast that Cincinnati Financial Co. will post 5.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 17th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, June 16th. Cincinnati Financial’s dividend payout ratio is currently 21.92%.

A number of brokerages have recently weighed in on CINF. Zacks Investment Research lowered Cincinnati Financial from a “strong-buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Tuesday, April 19th. StockNews.com initiated coverage on Cincinnati Financial in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.75.

In other Cincinnati Financial news, Director Dirk J. Debbink bought 410 shares of the stock in a transaction on Friday, May 20th. The shares were acquired at an average price of $120.67 per share, with a total value of $49,474.70. Following the acquisition, the director now directly owns 43,507 shares of the company’s stock, valued at approximately $5,249,989.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.95% of the stock is owned by insiders.

Cincinnati Financial Company Profile (Get Rating)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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