Mirae Asset Global Investments Co. Ltd. Has $19.23 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,478 shares of the insurance provider's stock after acquiring an additional 16,085 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Cincinnati Financial worth $19,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after acquiring an additional 106 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial during the 3rd quarter worth approximately $29,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Down 0.7 %

Cincinnati Financial stock traded down $0.95 during midday trading on Friday, reaching $136.96. The stock had a trading volume of 632,354 shares, compared to its average volume of 707,527. Cincinnati Financial Co. has a 1-year low of $105.75 and a 1-year high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The firm's fifty day simple moving average is $143.70 and its 200-day simple moving average is $140.11. The stock has a market capitalization of $21.41 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is 16.65%.

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Piper Sandler increased their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $143.33.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price 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 approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.83% of the company's stock.

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.