Cincinnati Financial Corporation $CINF Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 22.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,439 shares of the insurance provider’s stock after acquiring an additional 2,846 shares during the quarter. Pacer Advisors Inc.’s holdings in Cincinnati Financial were worth $2,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CINF. Triton Financial Group Inc increased its stake in shares of Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock worth $1,718,000 after purchasing an additional 73 shares in the last quarter. Essex Financial Services Inc. lifted its stake in Cincinnati Financial by 3.5% in the 4th quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock valued at $374,000 after buying an additional 77 shares in the last quarter. HUB Investment Partners LLC lifted its stake in Cincinnati Financial by 3.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock valued at $303,000 after buying an additional 77 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Cincinnati Financial by 1.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,363 shares of the insurance provider’s stock worth $669,000 after buying an additional 77 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Cincinnati Financial by 6.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,485 shares of the insurance provider’s stock worth $235,000 after buying an additional 84 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CINF. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Roth Mkm boosted their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Bank of America reduced their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Piper Sandler raised their price objective on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings cut shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.25.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $175.81 on Wednesday. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $175.98. The stock’s fifty day moving average is $165.23 and its two-hundred day moving average is $163.73. The company has a market capitalization of $27.20 billion, a P/E ratio of 10.05, a P/E/G ratio of 3.74 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.24) EPS. Equities analysts expect that Cincinnati Financial Corporation will post 8.61 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.