118,434 Cincinnati Financial Corporation $CINF Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 263.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,458 shares of the insurance provider’s stock after acquiring an additional 118,434 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cincinnati Financial were worth $26,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in Cincinnati Financial by 225.5% during the second quarter. State Street Corp now owns 26,974,052 shares of the insurance provider’s stock worth $4,993,976,000 after acquiring an additional 18,686,673 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 2,100,563 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Cincinnati Financial by 59.4% during 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 purchasing an additional 784,584 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Cincinnati Financial during the 2nd quarter valued at approximately $347,891,000. Finally, Dimensional Fund Advisors LP increased its position in Cincinnati Financial by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,514,733 shares of the insurance provider’s stock worth $238,338,000 after purchasing an additional 44,608 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Insider Activity

In related news, Director Dirk Debbink acquired 1,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the transaction, the director directly owned 62,059 shares of the company’s stock, valued at $10,651,806.76. The trade was a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.94% of the stock is owned by company insiders.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $165.25 on Friday. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 2.75 and a beta of 0.52. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The company’s fifty day moving average is $169.60 and its 200 day moving average is $169.28. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same period in the prior year, the business earned $1.97 earnings per share. Sell-side analysts forecast that Cincinnati Financial Corporation will post 8.35 EPS for the current year.

Cincinnati Financial Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on CINF shares. Weiss Ratings raised shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, September 10th. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research note on Wednesday, July 15th. Piper Sandler upped their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Roth Capital increased their price target on Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Bank of America downgraded Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $197.00 to $193.00 in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.40.

Cincinnati Financial Company 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.