UniSuper Management Pty Ltd Raises Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

UniSuper Management Pty Ltd raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 17.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,423 shares of the insurance provider’s stock after purchasing an additional 2,531 shares during the period. UniSuper Management Pty Ltd’s holdings in Cincinnati Financial were worth $2,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial during the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd raised its holdings in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares during the last quarter. True Wealth Design LLC purchased a new position in Cincinnati Financial in the 3rd quarter worth approximately $42,000. Finally, Quarry LP acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CINF. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm raised 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average target price of $154.20.

Cincinnati Financial Stock Down 1.3 %

CINF stock opened at $145.55 on Friday. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The firm has a market cap of $22.79 billion, a PE ratio of 10.02, a PEG ratio of 8.30 and a beta of 0.66. The firm’s 50 day moving average price is $140.57 and its 200-day moving average price is $142.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

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.