Cincinnati Financial Corporation $CINF Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 30.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,146 shares of the insurance provider’s stock after selling 1,365 shares during the period. MGO One Seven LLC’s holdings in Cincinnati Financial were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Cincinnati Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider’s stock valued at $2,844,419,000 after buying an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Cincinnati Financial by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after buying an additional 358,018 shares during the period. Invesco Ltd. lifted its position in Cincinnati Financial by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider’s stock worth $273,062,000 after acquiring an additional 40,222 shares during the period. GQG Partners LLC purchased a new position in Cincinnati Financial in the 1st quarter valued at $270,005,000. Finally, Bahl & Gaynor Inc. boosted its holdings in shares of Cincinnati Financial by 4.4% in the first quarter. Bahl & Gaynor Inc. now owns 1,169,676 shares of the insurance provider’s stock valued at $172,785,000 after acquiring an additional 49,593 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 1.1%

CINF opened at $153.02 on Friday. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 7.16 and a beta of 0.72. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50-day moving average of $155.54 and a two-hundred day moving average of $148.35.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. Cincinnati Financial’s revenue was up 15.5% compared to the same quarter last year. On average, research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is 30.18%.

Analyst Ratings Changes

Several equities research analysts have commented on CINF shares. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Roth Capital boosted their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.25.

About Cincinnati Financial

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.