Vanguard Group Inc. Purchases 123,110 Shares of Cincinnati Financial Corporation $CINF

Vanguard Group Inc. increased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,725,564 shares of the insurance provider’s stock after acquiring an additional 123,110 shares during the quarter. Vanguard Group Inc. owned about 0.13% of Cincinnati Financial worth $3,221,579,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CINF. Bison Wealth LLC bought a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after purchasing an additional 525 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after purchasing an additional 173,343 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Cincinnati Financial during the 2nd quarter worth approximately $101,000. Finally, Cerity Partners LLC grew its position in Cincinnati Financial by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock worth $7,115,000 after purchasing an additional 4,674 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of Cincinnati Financial from $191.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Finally, Bank of America dropped their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $178.50.

Cincinnati Financial Stock Down 0.4%

CINF stock opened at $164.96 on Wednesday. The firm’s fifty day simple moving average is $162.67 and its 200-day simple moving average is $162.48. The company has a market capitalization of $25.68 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 4.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 12 month low of $135.86 and a 12 month high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.93 by $0.17. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.66%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) EPS. As a group, equities research analysts forecast that Cincinnati Financial Corporation will post 8.39 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 24th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Tuesday, March 24th. Cincinnati Financial’s payout ratio is currently 24.79%.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.