Dimensional Fund Advisors LP increased its position in Cincinnati Financial Co. (NASDAQ:CINF – Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 941,846 shares of the insurance provider’s stock after acquiring an additional 8,334 shares during the period. Dimensional Fund Advisors LP’s holdings in Cincinnati Financial were worth $105,550,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. United Capital Financial Advisers LLC increased its holdings in shares of Cincinnati Financial by 0.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider’s stock worth $1,311,000 after acquiring an additional 87 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Cincinnati Financial by 68.5% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 246 shares of the insurance provider’s stock valued at $28,000 after buying an additional 100 shares during the period. CENTRAL TRUST Co increased its stake in Cincinnati Financial by 2.2% during the 1st quarter. CENTRAL TRUST Co now owns 4,682 shares of the insurance provider’s stock valued at $525,000 after buying an additional 100 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Cincinnati Financial by 19.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 667 shares of the insurance provider’s stock valued at $68,000 after buying an additional 110 shares during the period. Finally, Czech National Bank increased its stake in Cincinnati Financial by 0.6% during the 1st quarter. Czech National Bank now owns 18,513 shares of the insurance provider’s stock valued at $2,075,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 64.81% of the company’s stock.
Cincinnati Financial Trading Up 0.2 %
NASDAQ CINF opened at $104.76 on Friday. The company has a market cap of $16.43 billion, a PE ratio of 12.24, a PEG ratio of 1.19 and a beta of 0.61. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. Cincinnati Financial Co. has a 12 month low of $88.66 and a 12 month high of $130.66. The stock has a 50 day moving average of $103.71 and a 200-day moving average of $105.87.
Cincinnati Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 18th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, September 15th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 35.05%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. Keefe, Bruyette & Woods raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, July 10th. StockNews.com assumed coverage on shares of Cincinnati Financial in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $113.00 to $117.00 in a research note on Thursday, May 18th. Finally, Piper Sandler lifted their price objective on shares of Cincinnati Financial from $113.00 to $117.00 and gave the stock a “neutral” rating in a research note on Monday, July 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.50.
View Our Latest Analysis on CINF
About Cincinnati Financial
Cincinnati Financial Corporation, together with its subsidiaries, 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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