Cincinnati Financial Corporation $CINF Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,580 shares of the insurance provider’s stock after acquiring an additional 224 shares during the period. Asset Management One Co. Ltd.’s holdings in Cincinnati Financial were worth $9,766,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new position in Cincinnati Financial in the 2nd quarter worth about $25,000. Spire Wealth Management lifted its holdings in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after buying an additional 76 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Cincinnati Financial during the 1st quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial in the 1st quarter worth approximately $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Cincinnati Financial by 51.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 96 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.6%

Shares of CINF opened at $157.64 on Tuesday. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $166.90. The stock’s fifty day simple moving average is $156.07 and its 200-day simple moving average is $149.46. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $24.65 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 7.01 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were paid a $0.87 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CINF. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Roth Capital upped their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.25.

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.