Summit Investment Advisors Inc. Sells 125 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Summit Investment Advisors Inc. lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,523 shares of the insurance provider’s stock after selling 125 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Cincinnati Financial were worth $219,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Simon Quick Advisors LLC raised its holdings in Cincinnati Financial by 5.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 74 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after buying an additional 78 shares during the last quarter. Tidal Investments LLC lifted its holdings in Cincinnati Financial by 1.4% in the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock valued at $792,000 after buying an additional 80 shares during the period. Weaver Capital Management LLC lifted its holdings in Cincinnati Financial by 2.0% in the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider’s stock valued at $599,000 after buying an additional 81 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its stake in Cincinnati Financial by 0.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider’s stock valued at $2,147,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Roth Mkm increased their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $127.72 on Tuesday. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $20.00 billion, a PE ratio of 8.80, a PEG ratio of 8.30 and a beta of 0.53. The stock’s fifty day simple moving average is $139.43 and its 200 day simple moving average is $142.55.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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%. On average, research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

Cincinnati Financial Company 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.