Mitsubishi UFJ Trust & Banking Corp Purchases 22,264 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 93,395 shares of the insurance provider's stock after buying an additional 22,264 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Cincinnati Financial worth $13,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CINF. Quest Partners LLC bought a new position in Cincinnati Financial during the 3rd quarter worth $151,000. Cerity Partners LLC raised its position in shares of Cincinnati Financial by 43.7% in the 3rd quarter. Cerity Partners LLC now owns 31,788 shares of the insurance provider's stock valued at $4,327,000 after buying an additional 9,671 shares in the last quarter. FMR LLC lifted its holdings in shares of Cincinnati Financial by 12.8% during the 3rd quarter. FMR LLC now owns 193,400 shares of the insurance provider's stock worth $26,326,000 after acquiring an additional 21,900 shares during the period. Townsquare Capital LLC boosted its position in shares of Cincinnati Financial by 159.6% during the 3rd quarter. Townsquare Capital LLC now owns 4,701 shares of the insurance provider's stock worth $640,000 after acquiring an additional 2,890 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Cincinnati Financial during the third quarter worth $5,309,000. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Down 0.1 %

CINF traded down $0.20 during trading on Wednesday, reaching $147.25. 104,466 shares of the company's stock were exchanged, compared to its average volume of 812,267. The firm has a fifty day moving average price of $140.86 and a two-hundred day moving average price of $142.96. The stock has a market capitalization of $23.05 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

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Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.36%. Cincinnati Financial's dividend payout ratio is presently 23.97%.

Analyst Ratings Changes

A number of brokerages have weighed in on CINF. Roth Mkm lifted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price target 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $154.20.

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.