Dupree Financial Group LLC Sells 899 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Dupree Financial Group LLC reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,783 shares of the insurance provider’s stock after selling 899 shares during the period. Cincinnati Financial makes up about 3.9% of Dupree Financial Group LLC’s investment portfolio, making the stock its 6th largest position. Dupree Financial Group LLC’s holdings in Cincinnati Financial were worth $9,635,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its position in Cincinnati Financial by 1.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock worth $178,845,000 after acquiring an additional 16,451 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after purchasing an additional 187,934 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Cincinnati Financial by 10.6% during the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock valued at $131,739,000 after buying an additional 107,081 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Cincinnati Financial by 39.4% in the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after buying an additional 277,550 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in shares of Cincinnati Financial by 7.8% in the second quarter. Boston Trust Walden Corp now owns 757,795 shares of the insurance provider’s stock valued at $89,496,000 after buying an additional 55,033 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $138.60 on Wednesday. The firm has a market capitalization of $21.70 billion, a P/E ratio of 9.22, a P/E/G ratio of 2.62 and a beta of 0.66. The stock has a fifty day moving average price of $135.52 and a two-hundred day moving average price of $124.90. Cincinnati Financial Co. has a 52-week low of $96.86 and a 52-week high of $142.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.33. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $1.21 EPS. As a group, analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s payout ratio is currently 21.56%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CINF shares. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Roth Mkm boosted their price target 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $136.29.

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.