LVW Advisors LLC trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 72.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,206 shares of the insurance provider’s stock after selling 11,020 shares during the quarter. LVW Advisors LLC’s holdings in Cincinnati Financial were worth $326,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CINF. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth $89,000. Quantamental Technologies LLC acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth $100,000. Trust Co. of Vermont raised its holdings in shares of Cincinnati Financial by 98.5% during the third quarter. Trust Co. of Vermont now owns 1,465 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 727 shares during the period. First Mercantile Trust Co. raised its holdings in shares of Cincinnati Financial by 47.1% during the fourth quarter. First Mercantile Trust Co. now owns 1,500 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 480 shares during the period. Finally, Legacy Financial Advisors Inc. raised its holdings in shares of Cincinnati Financial by 21.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,594 shares of the insurance provider’s stock worth $123,000 after acquiring an additional 278 shares during the period. 63.54% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective on the stock in a report on Tuesday. BidaskClub upgraded shares of Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 5th. Finally, Buckingham Research assumed coverage on shares of Cincinnati Financial in a report on Friday, December 14th. They set a “neutral” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $82.33.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, February 6th. The insurance provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. Cincinnati Financial had a net margin of 5.31% and a return on equity of 6.86%. The business had revenue of $710.00 million for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the business posted $0.93 earnings per share. The firm’s quarterly revenue was down 49.7% on a year-over-year basis. Research analysts predict that Cincinnati Financial Co. will post 3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, March 20th will be paid a $0.56 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, March 19th. Cincinnati Financial’s payout ratio is presently 63.28%.
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Cincinnati Financial Profile
Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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