Dimensional Fund Advisors LP Purchases 187,934 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Dimensional Fund Advisors LP lifted its position in Cincinnati Financial Co. (NASDAQ:CINF) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,349,462 shares of the insurance provider’s stock after buying an additional 187,934 shares during the quarter. Dimensional Fund Advisors LP owned about 0.86% of Cincinnati Financial worth $159,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its stake in shares of Cincinnati Financial by 4.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock valued at $23,367,000 after buying an additional 7,709 shares in the last quarter. UBS Group AG grew its stake in shares of Cincinnati Financial by 15.4% in the fourth quarter. UBS Group AG now owns 349,153 shares of the insurance provider’s stock valued at $36,123,000 after buying an additional 46,595 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Cincinnati Financial by 40.6% in the first quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock valued at $20,904,000 after buying an additional 48,597 shares in the last quarter. United Advisor Group LLC bought a new position in shares of Cincinnati Financial in the fourth quarter valued at $888,000. Finally, Vest Financial LLC grew its stake in shares of Cincinnati Financial by 14.0% in the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock valued at $44,726,000 after buying an additional 46,530 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Down 0.8 %

CINF opened at $134.63 on Friday. Cincinnati Financial Co. has a fifty-two week low of $96.86 and a fifty-two week high of $139.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $21.08 billion, a P/E ratio of 8.96, a P/E/G ratio of 2.60 and a beta of 0.66. The stock has a fifty day moving average of $130.65 and a 200-day moving average of $122.20.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts expect that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Tuesday, September 17th. Cincinnati Financial’s payout ratio is currently 21.56%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CINF. Bank of America cut their price target on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Roth Mkm raised their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.57.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It 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.