Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 33.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,919 shares of the insurance provider’s stock after purchasing an additional 4,750 shares during the period. Pacer Advisors Inc.’s holdings in Cincinnati Financial were worth $2,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth $28,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial during the 3rd quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of CINF opened at $137.05 on Friday. The company has a market capitalization of $21.42 billion, a PE ratio of 7.04, a P/E/G ratio of 2.43 and a beta of 0.71. Cincinnati Financial Co. has a 52-week low of $104.78 and a 52-week high of $161.74. The company has a 50-day simple moving average of $146.39 and a 200-day simple moving average of $139.44. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CINF shares. Bank of America increased their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler boosted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

About Cincinnati Financial

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.