Mather Group LLC. Buys 99,834 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Mather Group LLC. increased its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1,103.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,879 shares of the insurance provider's stock after acquiring an additional 99,834 shares during the period. Mather Group LLC. owned about 0.07% of Cincinnati Financial worth $16,084,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Spire Wealth Management raised its holdings in Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Cincinnati Financial during the 1st quarter valued at approximately $30,000. GoalVest Advisory LLC grew its holdings in shares of Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after acquiring an additional 102 shares during the period. Whipplewood Advisors LLC raised its position in shares of Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after acquiring an additional 200 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Cincinnati Financial by 5,000.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 250 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 1.7%

Shares of NASDAQ:CINF traded up $2.43 on Friday, hitting $148.54. 472,524 shares of the company traded hands, compared to its average volume of 654,660. The stock has a 50 day simple moving average of $146.90 and a 200-day simple moving average of $142.09. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $23.22 billion, a PE ratio of 16.20, a PEG ratio of 9.87 and a beta of 0.76. Cincinnati Financial Corporation has a 52 week low of $114.75 and a 52 week high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the company earned $1.72 earnings per share. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.50.

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.