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

Mather Group LLC. grew its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,874 shares of the insurance provider’s stock after buying an additional 4,580 shares during the period. Mather Group LLC. owned 0.07% of Cincinnati Financial worth $16,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC raised its position in Cincinnati Financial by 356.5% in the third quarter. Fortitude Family Office LLC now owns 566 shares of the insurance provider’s stock valued at $90,000 after purchasing an additional 442 shares during the period. Godsey & Gibb Inc. acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at $19,013,000. SC&H Financial Advisors Inc. lifted its stake in shares of Cincinnati Financial by 22.4% in the 3rd quarter. SC&H Financial Advisors Inc. now owns 8,077 shares of the insurance provider’s stock valued at $1,380,000 after purchasing an additional 1,477 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Cincinnati Financial by 1,347.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 23,106 shares of the insurance provider’s stock worth $3,682,000 after purchasing an additional 21,510 shares during the period. Finally, Signal Advisors Wealth LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter worth $298,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Roth Capital raised their price objective on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. Keefe, Bruyette & Woods lowered their target price on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Piper Sandler lifted their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.60.

Cincinnati Financial Stock Up 0.6%

Cincinnati Financial stock opened at $166.67 on Thursday. The company has a market capitalization of $25.58 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. 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 50 day moving average price of $168.56 and a 200 day moving average price of $169.49.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company earned $1.97 earnings per share. Research analysts expect that Cincinnati Financial Corporation will post 8.44 earnings per share for the current year.

Cincinnati Financial Announces Dividend

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

Insider Activity

In other news, Director Dirk Debbink bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average price of $171.64 per share, with a total value of $171,640.00. Following the purchase, the director owned 62,059 shares in the company, valued at approximately $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 SEC, which is available at 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.