MUFG Securities EMEA plc Purchases 7,205 Shares of Cincinnati Financial Corporation $CINF

MUFG Securities EMEA plc boosted its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 240.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,198 shares of the insurance provider’s stock after buying an additional 7,205 shares during the quarter. MUFG Securities EMEA plc’s holdings in Cincinnati Financial were worth $1,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CINF. Bison Wealth LLC purchased a new position in Cincinnati Financial during the 4th quarter valued at $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after purchasing an additional 525 shares during the period. Goldman Sachs Group Inc. increased its position in Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after purchasing an additional 173,343 shares during the period. Federated Hermes Inc. purchased a new position in Cincinnati Financial during the 2nd quarter valued at $101,000. Finally, Cerity Partners LLC increased its position in Cincinnati Financial by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after purchasing an additional 4,674 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CINF. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Piper Sandler boosted their price objective on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $183.25.

Cincinnati Financial Stock Up 0.7%

NASDAQ:CINF opened at $158.00 on Wednesday. The firm’s 50-day moving average price is $162.57 and its 200-day moving average price is $163.53. The company has a market capitalization of $24.44 billion, a PE ratio of 9.03, a P/E/G ratio of 3.41 and a beta of 0.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) EPS. On average, equities analysts predict that Cincinnati Financial Corporation will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.4%. Cincinnati Financial’s dividend payout ratio is currently 21.50%.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.