UniSuper Management Pty Ltd Purchases 2,531 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

UniSuper Management Pty Ltd lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,423 shares of the insurance provider's stock after buying an additional 2,531 shares during the quarter. UniSuper Management Pty Ltd's holdings in Cincinnati Financial were worth $2,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at $28,000. Y.D. More Investments Ltd boosted 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 worth $28,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $42,000. Finally, Quarry LP bought a new stake in Cincinnati Financial in the third quarter valued at about $43,000. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Cincinnati Financial Trading Down 2.7 %

NASDAQ:CINF traded down $3.92 on Thursday, reaching $143.67. The company's stock had a trading volume of 129,961 shares, compared to its average volume of 656,401. The firm has a market cap of $22.49 billion, a PE ratio of 9.89, a PEG ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The business's 50-day moving average price is $141.05 and its two-hundred day moving average price is $142.99. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) 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%. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.42%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

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.