Donaldson Capital Management LLC Has $11.07 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Donaldson Capital Management LLC reduced its position in Cincinnati Financial Co. (NASDAQ:CINF) by 78.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,391 shares of the insurance provider’s stock after selling 400,748 shares during the period. Donaldson Capital Management LLC’s holdings in Cincinnati Financial were worth $11,071,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. purchased a new position in Cincinnati Financial during the 4th quarter worth approximately $33,000. Inspire Advisors LLC acquired a new position in Cincinnati Financial during the fourth quarter valued at $40,000. Accel Wealth Management acquired a new stake in Cincinnati Financial during the 4th quarter worth about $50,000. Simon Quick Advisors LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth about $61,000. Finally, Exane Derivatives purchased a new position in Cincinnati Financial during the 4th quarter valued at about $66,000. Institutional investors and hedge funds own 65.26% of the company’s stock.

Several analysts recently commented on the stock. MKM Partners raised their price target on shares of Cincinnati Financial from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, March 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cincinnati Financial from $88.00 to $110.00 and gave the company a “hold” rating in a report on Monday, May 10th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday, February 11th. Finally, Royal Bank of Canada boosted their target price on Cincinnati Financial from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 20th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Cincinnati Financial presently has a consensus rating of “Buy” and an average price target of $110.75.

Cincinnati Financial stock opened at $120.96 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a 1-year low of $48.19 and a 1-year high of $122.80. The firm’s fifty day simple moving average is $109.45 and its 200-day simple moving average is $93.44. The company has a market capitalization of $19.49 billion, a P/E ratio of 24.94 and a beta of 0.59.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Wednesday, April 28th. The insurance provider reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s quarterly revenue was down 2349.5% compared to the same quarter last year. On average, equities research analysts predict that Cincinnati Financial Co. will post 2.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Thursday, June 17th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, June 16th. Cincinnati Financial’s payout ratio is 60.00%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company 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.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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