Dimensional Fund Advisors LP Grows Stock Position in Cincinnati Financial Corporation $CINF

Dimensional Fund Advisors LP lifted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 3.0% during the first quarter, HoldingsChannel.com reports. The fund owned 1,514,733 shares of the insurance provider’s stock after acquiring an additional 44,608 shares during the period. Dimensional Fund Advisors LP’s holdings in Cincinnati Financial were worth $238,338,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CINF. Norges Bank acquired a new position in Cincinnati Financial in the 4th quarter valued at $270,892,000. Arrowstreet Capital Limited Partnership boosted its stake in Cincinnati Financial by 193.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,033 shares of the insurance provider’s stock worth $98,161,000 after purchasing an additional 396,086 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Cincinnati Financial by 38.5% during the fourth quarter. First Trust Advisors LP now owns 1,319,873 shares of the insurance provider’s stock worth $215,562,000 after buying an additional 367,224 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Cincinnati Financial by 48.6% during the second quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock worth $119,682,000 after buying an additional 262,715 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth $32,692,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.1%

NASDAQ CINF opened at $179.38 on Friday. Cincinnati Financial Corporation has a 52 week low of $143.87 and a 52 week high of $194.81. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $173.24 and its 200-day simple moving average is $166.45. The firm has a market cap of $27.75 billion, a PE ratio of 10.26, a P/E/G ratio of 3.67 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. Cincinnati Financial’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities analysts anticipate that Cincinnati Financial Corporation will post 8.76 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, June 23rd. Cincinnati Financial’s payout ratio is presently 21.50%.

Analysts Set New Price Targets

CINF has been the topic of several research reports. Bank of America decreased their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $201.00 target price (up from $191.00) on shares of Cincinnati Financial in a research note on Wednesday, July 8th. Roth Capital boosted their target price on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Piper Sandler upped their price target on Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.40.

About Cincinnati Financial

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.