Farther Finance Advisors LLC Has $483,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Farther Finance Advisors LLC boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 15.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,274 shares of the insurance provider’s stock after buying an additional 450 shares during the period. Farther Finance Advisors LLC’s holdings in Cincinnati Financial were worth $483,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC raised its holdings in Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock worth $38,000 after buying an additional 102 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in Cincinnati Financial by 333.3% during the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock worth $38,000 after buying an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after buying an additional 205 shares during the last quarter. Optiver Holding B.V. raised its holdings in Cincinnati Financial by 62.7% during the fourth quarter. Optiver Holding B.V. now owns 358 shares of the insurance provider’s stock worth $51,000 after buying an additional 138 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Cincinnati Financial during the fourth quarter worth $57,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CINF shares. Wall Street Zen upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $146.36 on Monday. The firm has a 50-day moving average of $142.63 and a 200-day moving average of $142.70. The company has a market cap of $22.88 billion, a P/E ratio of 10.08, a P/E/G ratio of 8.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a one year low of $112.27 and a one year high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 earnings per share. Equities research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is 37.95%.

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.