Unigestion Holding SA Purchases Shares of 5,581 Cincinnati Financial Co. (NASDAQ:CINF)

Unigestion Holding SA acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,581 shares of the insurance provider's stock, valued at approximately $824,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its position in Cincinnati Financial by 333.3% during the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after buying an additional 200 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of Cincinnati Financial during the 1st quarter valued at about $217,000. Merit Financial Group LLC increased its holdings in shares of Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after acquiring an additional 3,776 shares during the last quarter. Czech National Bank increased its holdings in shares of Cincinnati Financial by 6.0% during the 1st quarter. Czech National Bank now owns 35,922 shares of the insurance provider's stock valued at $5,306,000 after acquiring an additional 2,029 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Cincinnati Financial by 7.4% during the 1st quarter. Rhumbline Advisers now owns 290,862 shares of the insurance provider's stock valued at $42,966,000 after acquiring an additional 19,957 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ CINF traded up $1.16 during midday trading on Friday, hitting $151.03. The company had a trading volume of 350,110 shares, compared to its average volume of 664,852. Cincinnati Financial Co. has a fifty-two week low of $111.92 and a fifty-two week high of $161.75. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 8.30 and a beta of 0.78. The firm has a fifty day simple moving average of $141.43 and a two-hundred day simple moving average of $143.25. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $1.72 EPS. Cincinnati Financial's revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.

Analysts Set New Price Targets

CINF has been the topic of a number of research analyst reports. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cincinnati Financial currently has an average rating of "Moderate Buy" and an average target price of $147.40.

About Cincinnati Financial

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.