ProShare Advisors LLC Has $185.52 Million Stake in Cincinnati Financial Corporation $CINF

ProShare Advisors LLC reduced its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,173,406 shares of the insurance provider’s stock after selling 51,172 shares during the quarter. ProShare Advisors LLC owned about 0.75% of Cincinnati Financial worth $185,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its holdings in Cincinnati Financial by 0.4% during the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock valued at $2,357,000 after purchasing an additional 64 shares during the period. Legacy Financial Strategies LLC boosted its position in shares of Cincinnati Financial by 0.3% during the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock worth $3,576,000 after purchasing an additional 65 shares in the last quarter. State of Wyoming grew its holdings in shares of Cincinnati Financial by 5.4% in the 3rd quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after buying an additional 67 shares during the period. Natural Investments LLC grew its holdings in shares of Cincinnati Financial by 2.1% in the 3rd quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock valued at $540,000 after buying an additional 70 shares during the period. Finally, HUB Investment Partners LLC increased its position in shares of Cincinnati Financial by 3.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock valued at $303,000 after buying an additional 77 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 0.7%

NASDAQ:CINF opened at $172.65 on Monday. The stock has a 50-day simple moving average of $163.57 and a 200 day simple moving average of $159.03. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $174.27. The company has a market cap of $26.94 billion, a PE ratio of 12.85, a PEG ratio of 3.89 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 24th will be issued a dividend of $0.94 per share. The ex-dividend date is Tuesday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.87. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio is currently 25.89%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Roth Mkm reiterated a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Piper Sandler lifted their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.33.

Cincinnati Financial Profile

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.