Pacer Advisors Inc. Acquires 4,750 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Pacer Advisors Inc. raised its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 33.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,919 shares of the insurance provider's stock after buying an additional 4,750 shares during the period. Pacer Advisors Inc.'s holdings in Cincinnati Financial were worth $2,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Oak Thistle LLC raised its holdings in Cincinnati Financial by 177.8% during the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock valued at $1,232,000 after buying an additional 5,485 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Cincinnati Financial in the third quarter valued at about $546,000. JPMorgan Chase & Co. raised its stake in shares of Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock valued at $60,619,000 after acquiring an additional 147,542 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cincinnati Financial by 10.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider's stock worth $15,923,000 after purchasing an additional 11,282 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock worth $26,019,000 after purchasing an additional 5,097 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CINF. Piper Sandler upped their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Bank of America upped their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.33.

Insider Activity

In related news, Director Dirk J. Debbink purchased 1,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now directly owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.83% of the company's stock.

Cincinnati Financial Stock Down 0.9 %

Shares of NASDAQ:CINF traded down $1.30 during trading on Tuesday, hitting $135.63. The stock had a trading volume of 762,205 shares, compared to its average volume of 704,532. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12 month low of $104.78 and a 12 month high of $161.74. The company has a market capitalization of $21.20 billion, a PE ratio of 6.97, a PEG ratio of 2.41 and a beta of 0.71. The firm's fifty day moving average is $145.55 and its 200 day moving average is $139.80.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.57%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is currently 16.65%.

Cincinnati Financial 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.