Cincinnati Financial Co. (NASDAQ:CINF) Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,099,439 shares of the insurance provider’s stock after purchasing an additional 189,430 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.70% of Cincinnati Financial worth $157,989,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CINF. Norges Bank acquired a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $223,959,000. Topsail Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $47,114,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Cincinnati Financial by 62.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider’s stock valued at $90,166,000 after buying an additional 241,540 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after buying an additional 224,033 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Cincinnati Financial by 26.7% in the 4th quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider’s stock worth $140,910,000 after buying an additional 206,693 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $145.30 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 company has a fifty day simple moving average of $140.80 and a 200 day simple moving average of $143.26. The company has a market cap of $22.71 billion, a P/E ratio of 10.01, a P/E/G ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 1 year low of $111.92 and a 1 year high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Cincinnati Financial’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 EPS. On average, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CINF shares. Keefe, Bruyette & Woods cut their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Roth Mkm increased 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

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.