Asset Management One Co. Ltd. Buys 5,159 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Asset Management One Co. Ltd. lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 8.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 65,356 shares of the insurance provider's stock after buying an additional 5,159 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Cincinnati Financial were worth $9,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its position in shares of Cincinnati Financial by 22.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 102,204 shares of the insurance provider's stock valued at $15,098,000 after purchasing an additional 18,761 shares during the last quarter. Canton Hathaway LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at $48,000. Weaver Capital Management LLC increased its position in Cincinnati Financial by 5.2% during the 1st quarter. Weaver Capital Management LLC now owns 4,384 shares of the insurance provider's stock worth $648,000 after buying an additional 217 shares during the period. Praxis Investment Management Inc. increased its position in Cincinnati Financial by 89.0% during the 1st quarter. Praxis Investment Management Inc. now owns 10,832 shares of the insurance provider's stock worth $1,600,000 after buying an additional 5,100 shares during the period. Finally, United Advisor Group LLC lifted its holdings in shares of Cincinnati Financial by 47.9% during the first quarter. United Advisor Group LLC now owns 6,900 shares of the insurance provider's stock worth $1,019,000 after buying an additional 2,234 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Shares of CINF stock traded up $0.46 during trading hours on Tuesday, reaching $149.38. The company's stock had a trading volume of 542,760 shares, compared to its average volume of 656,058. The firm's 50 day simple moving average is $146.10 and its 200-day simple moving average is $142.09. The company has a market capitalization of $23.35 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 9.89 and a beta of 0.76. Cincinnati Financial Corporation has a fifty-two week low of $114.75 and a fifty-two week high of $161.75. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods reduced 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. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.50.

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.