Mitsubishi UFJ Asset Management Co. Ltd. Has $40.57 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 285,470 shares of the insurance provider’s stock after purchasing an additional 2,738 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Cincinnati Financial worth $40,565,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Oak Thistle LLC increased its position in Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock valued at $1,232,000 after buying an additional 5,485 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Cincinnati Financial in the third quarter valued at approximately $546,000. JPMorgan Chase & Co. increased its holdings in shares of Cincinnati Financial by 49.5% during the third 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 in the last quarter. Principal Financial Group Inc. raised its position in shares of Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after purchasing an additional 5,097 shares during the period. Finally, New York Life Investment Management LLC lifted its holdings in shares of Cincinnati Financial by 11.5% in 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 in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods boosted 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. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One 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 company has an average rating of “Moderate Buy” and an average target price of $154.20.

Cincinnati Financial Trading Down 1.3 %

NASDAQ CINF opened at $145.55 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $140.57 and a 200 day simple moving average of $142.73. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The firm has a market capitalization of $22.79 billion, a P/E ratio of 10.02, a PEG ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal 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 paid a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.39%. 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.