Stifel Financial Corp reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 9.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,727 shares of the insurance provider’s stock after selling 8,718 shares during the period. Stifel Financial Corp owned about 0.05% of Cincinnati Financial worth $9,804,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at approximately $25,000. Kavar Capital Partners LLC bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at approximately $26,000. Virtus ETF Advisers LLC bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at approximately $29,000. CSat Investment Advisory L.P. grew its position in shares of Cincinnati Financial by 42.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 380 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 113 shares during the period. Finally, Signaturefd LLC grew its position in shares of Cincinnati Financial by 49.6% during the 3rd quarter. Signaturefd LLC now owns 368 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 122 shares during the period. 63.09% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on CINF shares. Buckingham Research upped their price target on shares of Cincinnati Financial from $92.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. BidaskClub cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, ValuEngine cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $106.40.

Shares of CINF stock opened at $105.63 on Tuesday. The stock has a market capitalization of $17.49 billion, a P/E ratio of 27.03 and a beta of 0.59. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $110.30 and its 200 day moving average is $108.35. Cincinnati Financial Co. has a 12 month low of $71.21 and a 12 month high of $118.19.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.19. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Cincinnati Financial had a net margin of 14.18% and a return on equity of 7.44%. Cincinnati Financial’s revenue was down 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, equities analysts predict that Cincinnati Financial Co. will post 4.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, December 18th. Cincinnati Financial’s payout ratio is currently 66.87%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

Featured Article: Stop Order Uses For Individual Investors

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).

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

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.