Mather Group LLC. Sells 5,745 Shares of Cincinnati Financial Corporation $CINF

Mather Group LLC. decreased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 98,791 shares of the insurance provider’s stock after selling 5,745 shares during the period. Mather Group LLC. owned 0.06% of Cincinnati Financial worth $16,135,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CINF. Norges Bank purchased a new position in Cincinnati Financial in the second quarter valued at about $235,714,000. Raymond James Financial Inc. increased its stake in Cincinnati Financial by 48.6% during the 2nd quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock valued at $119,682,000 after purchasing an additional 262,715 shares in the last quarter. Amundi raised its stake in Cincinnati Financial by 113.6% in the 2nd quarter. Amundi now owns 454,996 shares of the insurance provider’s stock worth $66,479,000 after acquiring an additional 242,020 shares during the last quarter. Korea Investment CORP raised its stake in shares of Cincinnati Financial by 210.0% in the third quarter. Korea Investment CORP now owns 294,423 shares of the insurance provider’s stock worth $46,548,000 after purchasing an additional 199,437 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised 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 buying an additional 173,343 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 1.4%

Cincinnati Financial stock opened at $157.55 on Friday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $174.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50 day moving average price of $162.95 and a 200 day moving average price of $161.65. The company has a market capitalization of $24.53 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 3.46 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.51. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.92 billion. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.Cincinnati Financial’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.14 EPS. Research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $3.76 dividend on an annualized basis and a yield of 2.4%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.87. Cincinnati Financial’s dividend payout ratio is 24.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Wall Street Zen lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.33.

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.