Stock Yards Bank & Trust Co. Sells 3,000 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Stock Yards Bank & Trust Co. lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 18.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,945 shares of the insurance provider’s stock after selling 3,000 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Cincinnati Financial were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. iA Global Asset Management Inc. raised its position in shares of Cincinnati Financial by 4.3% during the second quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock valued at $271,000 after buying an additional 95 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Cincinnati Financial by 9.4% during the fourth quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock valued at $144,000 after buying an additional 119 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in shares of Cincinnati Financial by 6.2% during the second quarter. Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock valued at $254,000 after buying an additional 126 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Cincinnati Financial by 2.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,590 shares of the insurance provider’s stock valued at $578,000 after buying an additional 132 shares during the last quarter. Finally, Czech National Bank raised its position in shares of Cincinnati Financial by 0.5% during the first quarter. Czech National Bank now owns 27,624 shares of the insurance provider’s stock valued at $3,430,000 after buying an additional 143 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 0.7 %

NASDAQ CINF opened at $136.17 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $129.78 and a two-hundred day moving average of $121.84. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 2.60 and a beta of 0.66. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $139.34.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping the consensus estimate of $0.96 by $0.33. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. Cincinnati Financial’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, analysts predict that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s payout ratio is presently 21.56%.

Analyst Ratings Changes

CINF has been the subject of a number of recent research reports. Bank of America cut their target price on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $126.00 to $135.00 in a report on Friday, June 28th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Roth Mkm raised their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average target price of $133.57.

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.