Cassady Schiller Wealth Management LLC Sells 385 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Cassady Schiller Wealth Management LLC cut its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,545 shares of the insurance provider’s stock after selling 385 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in Cincinnati Financial were worth $941,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cibc World Markets Corp increased its stake in Cincinnati Financial by 394.3% in the fourth quarter. Cibc World Markets Corp now owns 149,665 shares of the insurance provider’s stock worth $21,507,000 after purchasing an additional 119,384 shares during the period. SlateStone Wealth LLC increased its stake in Cincinnati Financial by 3.0% in the fourth quarter. SlateStone Wealth LLC now owns 8,710 shares of the insurance provider’s stock worth $1,252,000 after purchasing an additional 250 shares during the period. GWN Securities Inc. purchased a new stake in Cincinnati Financial in the fourth quarter worth $1,423,000. Harbour Investments Inc. increased its stake in Cincinnati Financial by 9.6% in the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the insurance provider’s stock worth $181,000 after purchasing an additional 110 shares during the period. Finally, one8zero8 LLC purchased a new stake in Cincinnati Financial in the fourth quarter worth $205,000. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CINF shares. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $145.39 on Monday. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The stock’s 50-day moving average is $139.36 and its 200 day moving average is $142.10. The company has a market cap of $22.76 billion, a P/E ratio of 10.01, a PEG ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Research analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 23.97%.

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.