Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,470 shares of the insurance provider's stock after acquiring an additional 2,738 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Cincinnati Financial worth $40,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter worth $28,000. Y.D. More Investments Ltd boosted its holdings in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial in the third quarter valued at $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial in the third quarter valued at $43,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Roth Mkm increased their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $154.20.

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Cincinnati Financial Stock Down 2.7 %

Cincinnati Financial stock traded down $3.92 during trading on Thursday, reaching $143.67. 129,961 shares of the company's stock were exchanged, compared to its average volume of 656,401. The company's 50-day moving average is $141.05 and its two-hundred day moving average is $142.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

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 $0.87 dividend. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio is presently 23.97%.

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.