Meeder Advisory Services Inc. Raises Position in Cincinnati Financial Co. (NASDAQ:CINF)

Meeder Advisory Services Inc. increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 328.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,111 shares of the insurance provider’s stock after purchasing an additional 9,281 shares during the period. Meeder Advisory Services Inc.’s holdings in Cincinnati Financial were worth $1,649,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CINF. Fort Washington Investment Advisors Inc. OH raised its position in shares of Cincinnati Financial by 1.1% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock worth $178,845,000 after buying an additional 16,451 shares during the period. Dimensional Fund Advisors LP increased its stake in Cincinnati Financial by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after acquiring an additional 187,934 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of Cincinnati Financial by 10.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares during the period. AQR Capital Management LLC lifted its stake in shares of Cincinnati Financial by 39.4% in the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after purchasing an additional 277,550 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Cincinnati Financial by 2.6% during the 3rd quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider’s stock worth $105,845,000 after purchasing an additional 19,793 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $152.13 on Tuesday. The firm has a 50-day moving average of $139.84 and a two-hundred day moving average of $128.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $23.78 billion, a P/E ratio of 7.82, a PEG ratio of 2.89 and a beta of 0.65. Cincinnati Financial Co. has a 1-year low of $99.61 and a 1-year high of $152.85.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the company posted $1.66 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, research analysts expect that Cincinnati Financial Co. will post 6.32 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CINF shares. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler lifted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Roth Mkm increased their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America boosted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

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.