Mitsubishi UFJ Asset Management Co. Ltd. Purchases 2,738 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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.’s holdings in Cincinnati Financial were worth $40,565,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC raised its position in shares of Cincinnati Financial by 5.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 74 shares during the period. Park Avenue Securities LLC grew its stake in Cincinnati Financial by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after buying an additional 78 shares in the last quarter. Tidal Investments LLC raised its holdings in Cincinnati Financial by 1.4% during the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock valued at $792,000 after acquiring an additional 80 shares during the period. Weaver Capital Management LLC lifted its position in shares of Cincinnati Financial by 2.0% during the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider’s stock worth $599,000 after acquiring an additional 81 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its position in shares of Cincinnati Financial by 0.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider’s stock valued at $2,147,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.20.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $145.55 on Friday. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $140.57 and a 200 day simple moving average of $142.73. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping the consensus estimate 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, 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 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.