5 High Sharpe Ratio Dividend Stocks in the S&P 500

3. Cincinnati Financial Corporation (NASDAQ: CINF)

Number of Hedge Fund Holders: 22
Dividend Yield: 2.06%
Sharpe Ratio: 1.3

Cincinnati Financial Corporation (NASDAQ: CINF), a financial services company, offers property-casualty insurance products in the United States. The company ranks 3rd on our list of high Sharpe ratio dividend stocks in the S&P 500 and operates through its Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments segments.

As of this August, Wolfe Research’s Michael Zaremski holds an Outperform rating on shares of Cincinnati Financial Corporation (NASDAQ: CINF), alongside a price target of $148.

In the second quarter of 2021, Cincinnati Financial Corporation (NASDAQ: CINF) had an EPS of $1.79, beating estimates by $0.81. The company’s revenue was $2.29 billion, also beating estimates by $578.93 million. Cincinnati Financial Corporation (NASDAQ: CINF) has gained 21.17% in the past 6 months and 45.07% year to date.

By the end of the second quarter of 2021, 22 hedge funds out of the 873 tracked by Insider Monkey held stakes in Cincinnati Financial Corporation (NASDAQ: CINF) worth roughly $780 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $886 million.