Mercer Global Advisors Inc. ADV Buys 2,461 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Mercer Global Advisors Inc. ADV grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,195 shares of the insurance provider’s stock after acquiring an additional 2,461 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Cincinnati Financial were worth $6,637,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. iA Global Asset Management Inc. boosted its stake in Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 95 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of Cincinnati Financial by 9.4% in the fourth quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock worth $144,000 after buying an additional 119 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Cincinnati Financial by 6.2% during the second quarter. Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock valued at $254,000 after acquiring an additional 126 shares in the last quarter. Czech National Bank raised its holdings in Cincinnati Financial by 0.5% in the 1st quarter. Czech National Bank now owns 27,624 shares of the insurance provider’s stock worth $3,430,000 after acquiring an additional 143 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in Cincinnati Financial by 1.6% in the 2nd quarter. Headlands Technologies LLC now owns 9,267 shares of the insurance provider’s stock valued at $1,094,000 after acquiring an additional 145 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CINF shares. Roth Mkm lifted their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Bank of America decreased their target price on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $133.57.

Cincinnati Financial Trading Down 0.8 %

Shares of Cincinnati Financial stock opened at $134.63 on Friday. Cincinnati Financial Co. has a 1-year low of $96.86 and a 1-year high of $139.34. The company’s fifty day simple moving average is $130.65 and its 200-day simple moving average is $122.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $21.08 billion, a PE ratio of 8.96, a P/E/G ratio of 2.60 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.33. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. Cincinnati Financial’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.41%. The ex-dividend date is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is 21.56%.

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.