Pacer Advisors Inc. Increases Position in Cincinnati Financial Corporation $CINF

Pacer Advisors Inc. grew its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,439 shares of the insurance provider’s stock after purchasing an additional 2,846 shares during the period. Pacer Advisors Inc.’s holdings in Cincinnati Financial were worth $2,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lodestone Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in Cincinnati Financial during the 4th quarter worth about $29,000. DV Equities LLC purchased a new position in Cincinnati Financial during the 4th quarter valued at about $36,000. Legacy Wealth Managment LLC ID boosted its holdings in Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 108 shares during the period. Finally, Oakworth Capital Inc. purchased a new position in Cincinnati Financial during the 4th quarter valued at about $46,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Up 1.9%

CINF opened at $175.81 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $175.98. The company has a market cap of $27.20 billion, a P/E ratio of 10.05, a PEG ratio of 3.74 and a beta of 0.57. The business’s 50-day simple moving average is $165.23 and its 200-day simple moving average is $163.73.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.17. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) earnings per share. As a group, equities research analysts expect that Cincinnati Financial Corporation will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is currently 21.50%.

Wall Street Analyst Weigh In

CINF has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 11th. Bank of America lowered their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler upped their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $183.25.

Cincinnati Financial Company 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.