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

Asset Management One Co. Ltd. boosted its position 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 disclosure with the Securities and Exchange Commission. The fund owned 65,356 shares of the insurance provider's stock after purchasing an additional 5,159 shares during the period. Asset Management One Co. Ltd.'s holdings in Cincinnati Financial were worth $9,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CINF. Capital Advisors Ltd. LLC increased its stake in shares of Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock worth $38,000 after purchasing an additional 250 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after purchasing an additional 102 shares in the last quarter. 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. Opal Wealth Advisors LLC bought a new position in Cincinnati Financial during the first quarter valued at about $47,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Cincinnati Financial in the first quarter worth about $48,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

CINF stock traded up $0.47 during mid-day trading on Friday, reaching $146.23. 1,007,403 shares of the stock traded hands, compared to its average volume of 656,574. The firm has a market capitalization of $22.86 billion, a PE ratio of 15.95, a P/E/G ratio of 9.71 and a beta of 0.78. The business has a 50-day moving average of $145.35 and a two-hundred day moving average of $142.13. Cincinnati Financial Corporation has a 52 week low of $114.75 and a 52 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 released its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The company's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 EPS. As a group, equities analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

Analyst Ratings Changes

CINF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average 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.