ProShare Advisors LLC Has $173.34 Million Stock Position in Cincinnati Financial Corporation $CINF

ProShare Advisors LLC reduced its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,061,364 shares of the insurance provider’s stock after selling 112,042 shares during the period. ProShare Advisors LLC’s holdings in Cincinnati Financial were worth $173,342,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. North Dakota State Investment Board bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at $862,000. Elyxium Wealth LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at $146,000. Canada Post Corp Registered Pension Plan boosted its stake in shares of Cincinnati Financial by 29.5% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 3,648 shares of the insurance provider’s stock valued at $596,000 after purchasing an additional 830 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of Cincinnati Financial by 7.4% in the 4th quarter. DNB Asset Management AS now owns 33,416 shares of the insurance provider’s stock valued at $5,458,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Donoghue Forlines LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at $2,302,000. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CINF shares. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 12th. Roth Mkm upped their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Bank of America reduced their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.75.

Cincinnati Financial Stock Up 0.7%

Shares of NASDAQ CINF opened at $167.65 on Tuesday. The firm has a market cap of $25.93 billion, a PE ratio of 9.59, a P/E/G ratio of 3.61 and a beta of 0.59. Cincinnati Financial Corporation has a 12-month low of $143.37 and a 12-month high of $174.27. The company’s fifty day simple moving average is $162.37 and its 200 day simple moving average is $163.15. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.17. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. Cincinnati Financial’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) earnings per share. As a group, sell-side analysts forecast that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio is currently 21.50%.

About Cincinnati Financial

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.