Mitsubishi UFJ Trust & Banking Corp Grows Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 31.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 93,395 shares of the insurance provider’s stock after acquiring an additional 22,264 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Cincinnati Financial worth $13,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Oak Thistle LLC increased its position in shares of Cincinnati Financial by 177.8% during the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Cincinnati Financial during the third quarter valued at about $546,000. JPMorgan Chase & Co. raised its stake in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after acquiring an additional 147,542 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Cincinnati Financial by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after acquiring an additional 5,097 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its position in shares of Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after purchasing an additional 2,383 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $145.55 on Friday. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a fifty day simple moving average of $140.57 and a two-hundred day simple moving average of $142.69. 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 company has a market cap of $22.79 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results 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%. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. 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 is presently 23.97%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One 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 company presently 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.