MCF Advisors LLC Has $4.22 Million Position in Cincinnati Financial Corporation $CINF

MCF Advisors LLC grew its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 69.5% in the second quarter, HoldingsChannel.com reports. The fund owned 22,772 shares of the insurance provider’s stock after buying an additional 9,335 shares during the period. MCF Advisors LLC’s holdings in Cincinnati Financial were worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Cincinnati Financial by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider’s stock valued at $671,265,000 after purchasing an additional 25,888 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Cincinnati Financial during the second quarter worth approximately $3,585,000. GQG Partners LLC bought a new stake in shares of Cincinnati Financial during the second quarter worth approximately $216,679,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $1,231,000. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Cincinnati Financial during the first quarter worth approximately $12,002,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on CINF. Keefe, Bruyette & Woods dropped their price target on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Weiss Ratings cut Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Friday, August 21st. Bank of America downgraded Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Roth Capital raised their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, Piper Sandler boosted their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.40.

Insider Activity at Cincinnati Financial

In related news, Director Dirk Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, August 25th. The shares were bought at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the purchase, the director owned 62,059 shares in the company, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.94% of the company’s stock.

Cincinnati Financial Stock Performance

CINF opened at $169.21 on Thursday. 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 52-week low of $150.00 and a 52-week high of $194.81. The firm has a market cap of $25.97 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 3.54 and a beta of 0.53. The business’s fifty day moving average is $176.49 and its 200-day moving average is $169.09.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm 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 company earned $1.97 EPS. Sell-side analysts expect that Cincinnati Financial Corporation will post 8.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is 17.74%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

Its principal business is property and casualty insurance, including commercial coverage for businesses, workers’ compensation, commercial auto, homeowners insurance, personal auto insurance and other personal lines. The company also offers excess and surplus lines coverage for specialized or higher-risk exposures.