Cincinnati Financial Co. (NASDAQ:CINF) Position Increased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 328.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,111 shares of the insurance provider’s stock after purchasing an additional 9,281 shares during the period. Meeder Advisory Services Inc.’s holdings in Cincinnati Financial were worth $1,649,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Cincinnati Financial by 39.4% during the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock worth $115,758,000 after acquiring an additional 277,550 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Cincinnati Financial by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after purchasing an additional 187,934 shares during the last quarter. Natixis acquired a new stake in shares of Cincinnati Financial during the 1st quarter worth approximately $22,053,000. Bahl & Gaynor Inc. lifted its holdings in shares of Cincinnati Financial by 10.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in Cincinnati Financial by 126.4% during the 2nd quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock valued at $21,259,000 after purchasing an additional 100,487 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 0.2 %

Shares of NASDAQ:CINF opened at $152.13 on Tuesday. The company has a 50 day moving average of $139.84 and a 200-day moving average of $128.56. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $23.78 billion, a P/E ratio of 7.82, a P/E/G ratio of 2.89 and a beta of 0.65. Cincinnati Financial Co. has a twelve month low of $99.61 and a twelve month high of $152.85.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, analysts anticipate that Cincinnati Financial Co. will post 6.32 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.13%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Piper Sandler upped their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.57.

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.