Universal Beteiligungs und Servicegesellschaft mbH Acquires 8,135 Shares of Cincinnati Financial Corporation $CINF

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,490 shares of the insurance provider’s stock after purchasing an additional 8,135 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cincinnati Financial were worth $20,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its stake in shares of Cincinnati Financial by 0.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 104,350 shares of the insurance provider’s stock valued at $15,540,000 after buying an additional 724 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Cincinnati Financial during the second quarter worth $391,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Cincinnati Financial by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,334 shares of the insurance provider’s stock worth $5,709,000 after acquiring an additional 2,567 shares in the last quarter. Advisors Capital Management LLC bought a new position in shares of Cincinnati Financial in the second quarter worth $211,000. Finally, Client First Capital LLC bought a new position in shares of Cincinnati Financial in the second quarter worth $275,000. Institutional investors own 65.24% of the company’s stock.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction dated Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the transaction, the director owned 58,482 shares in the company, valued at $9,005,058.36. This represents a 1.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CINF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Roth Capital restated a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $171.67.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $162.37 on Wednesday. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 4.27 and a beta of 0.69. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $158.16 and a 200 day simple moving average of $152.44. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $168.20.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Cincinnati Financial’s payout ratio is currently 25.89%.

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.