First Financial Bank Trust Division Cuts Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

First Financial Bank Trust Division reduced its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 169,622 shares of the insurance provider’s stock after selling 1,848 shares during the quarter. Cincinnati Financial makes up about 2.2% of First Financial Bank Trust Division’s portfolio, making the stock its 9th largest position. First Financial Bank Trust Division owned 0.10% of Cincinnati Financial worth $14,571,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its stake in shares of Cincinnati Financial by 1.2% in the first quarter. Private Trust Co. NA now owns 10,421 shares of the insurance provider’s stock worth $895,000 after buying an additional 122 shares during the period. Deutsche Bank AG boosted its holdings in shares of Cincinnati Financial by 18.4% during the 4th quarter. Deutsche Bank AG now owns 336,004 shares of the insurance provider’s stock valued at $26,009,000 after buying an additional 52,224 shares in the last quarter. MUFG Securities EMEA plc boosted its holdings in shares of Cincinnati Financial by 721.8% during the 4th quarter. MUFG Securities EMEA plc now owns 33,700 shares of the insurance provider’s stock valued at $2,609,000 after buying an additional 29,599 shares in the last quarter. Norges Bank bought a new stake in shares of Cincinnati Financial during the 4th quarter valued at $107,863,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Cincinnati Financial by 191.6% during the 4th quarter. Teacher Retirement System of Texas now owns 53,544 shares of the insurance provider’s stock valued at $4,145,000 after buying an additional 35,179 shares in the last quarter. 64.12% of the stock is currently owned by institutional investors.

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 351 shares of the stock in a transaction on Friday, February 15th. The stock was acquired at an average price of $85.48 per share, with a total value of $30,003.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.16% of the stock is currently owned by company insiders.

CINF has been the subject of several recent analyst reports. BidaskClub lowered Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 9th. Credit Suisse Group raised Cincinnati Financial from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, February 27th. Finally, Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research report on Tuesday, February 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $89.00.

CINF stock traded down $0.94 during midday trading on Wednesday, reaching $86.78. The company’s stock had a trading volume of 4,517 shares, compared to its average volume of 450,571. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.11. Cincinnati Financial Co. has a 1 year low of $66.33 and a 1 year high of $87.77. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 25.91 and a beta of 0.68.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Wednesday, February 6th. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. Cincinnati Financial had a return on equity of 6.86% and a net margin of 5.31%. The business had revenue of $710.00 million for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The business’s revenue was down 49.7% compared to the same quarter last year. Research analysts expect that Cincinnati Financial Co. will post 3.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 20th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.53. Cincinnati Financial’s dividend payout ratio (DPR) is currently 66.87%.

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About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, 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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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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