Mather Group LLC. Grows Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Mather Group LLC. grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 13.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,016 shares of the insurance provider’s stock after acquiring an additional 1,036 shares during the period. Mather Group LLC.’s holdings in Cincinnati Financial were worth $1,227,000 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 raised its position in 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 purchasing an additional 7,709 shares during the period. BNP Paribas Financial Markets lifted its position in Cincinnati Financial by 40.6% during the 1st quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock worth $20,904,000 after acquiring an additional 48,597 shares in the last quarter. United Advisor Group LLC purchased a new position in Cincinnati Financial in the 4th quarter worth approximately $888,000. Vest Financial LLC grew its position in 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 acquiring an additional 46,530 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Cincinnati Financial by 77.3% during the first quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider’s stock valued at $5,326,000 after purchasing an additional 18,704 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the subject of a number of recent analyst reports. Citigroup raised shares of 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. Bank of America dropped their target price on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Roth Mkm increased 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 lifted their price objective on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Three research 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 stock currently has an average rating of “Moderate Buy” and an average price target of $133.57.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $133.88 on Wednesday. The business has a 50 day simple moving average of $133.47 and a 200-day simple moving average of $123.66. Cincinnati Financial Co. has a twelve month low of $96.86 and a twelve month high of $139.34. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

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

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a $0.81 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.42%. Cincinnati Financial’s payout ratio is currently 21.56%.

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.