Cincinnati Financial Corporation $CINF Shares Acquired by Mather Group LLC.

Mather Group LLC. lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 4.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,874 shares of the insurance provider’s stock after purchasing an additional 4,580 shares during the period. Mather Group LLC.’s holdings in Cincinnati Financial were worth $16,947,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CINF. State Street Corp lifted its holdings in Cincinnati Financial by 225.5% during the 2nd quarter. State Street Corp now owns 26,974,052 shares of the insurance provider’s stock worth $4,993,976,000 after buying an additional 18,686,673 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Cincinnati Financial by 1,474.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,242,991 shares of the insurance provider’s stock valued at $415,267,000 after buying an additional 2,100,563 shares during the period. Bank of America Corp DE purchased a new position in Cincinnati Financial in the 2nd quarter valued at approximately $347,891,000. First Trust Advisors LP boosted its position in Cincinnati Financial by 59.4% in the 1st quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider’s stock valued at $331,136,000 after buying an additional 784,584 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cincinnati Financial by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,514,733 shares of the insurance provider’s stock worth $238,338,000 after acquiring an additional 44,608 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.6%

CINF stock opened at $166.67 on Thursday. The company’s 50 day moving average price is $168.56 and its 200 day moving average price is $169.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Corporation has a fifty-two week low of $150.00 and a fifty-two week high of $194.81. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 2.79 and a beta of 0.52.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business earned $1.97 EPS. On average, equities research analysts anticipate that Cincinnati Financial Corporation will post 8.44 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 23rd. Cincinnati Financial’s payout ratio is 17.74%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods cut their price objective on Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating on the stock in a research report on Monday. Bank of America cut Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Atlantic Securities set a $197.00 target price on Cincinnati Financial in a report on Wednesday, July 15th. Weiss Ratings lowered Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Finally, Roth Capital boosted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $191.60.

Insider Activity at Cincinnati Financial

In other news, Director Dirk Debbink acquired 1,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $171.64 per share, with a total value of $171,640.00. Following the transaction, the director owned 62,059 shares in the company, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.94% of the company’s stock.

Cincinnati Financial Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.