Impact Partnership Wealth LLC Trims Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Impact Partnership Wealth LLC decreased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 61.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,825 shares of the insurance provider's stock after selling 4,519 shares during the quarter. Impact Partnership Wealth LLC's holdings in Cincinnati Financial were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $25,000. Rothschild Investment LLC bought a new stake in Cincinnati Financial in the second quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Cincinnati Financial in the third quarter worth $29,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth about $33,000. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

CINF stock traded up $3.01 on Friday, hitting $141.25. The company had a trading volume of 857,205 shares, compared to its average volume of 708,543. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $142.25. The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 2.62 and a beta of 0.66. The stock's 50-day simple moving average is $135.86 and its 200 day simple moving average is $125.09.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.24 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $1.66 earnings per share. As a group, equities research analysts expect that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.81 per share. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.29%. Cincinnati Financial's dividend payout ratio is currently 21.56%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup raised shares of Cincinnati Financial from a "neutral" rating to a "buy" rating and increased their price objective for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Keefe, Bruyette & Woods increased their price target 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. Bank of America boosted their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Roth Mkm increased their target price on Cincinnati Financial from $130.00 to $140.00 and gave the company a "buy" rating in a research note 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. Based on data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $136.29.

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.