Cincinnati Financial Corporation $CINF Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its holdings in Cincinnati Financial Corporation (CINF) by 5.6%, owning approximately 1.16 million shares worth $171.5 million after a recent purchase.
• Cincinnati Financial reported $1.97 EPS for the last quarter, exceeding analysts' expectations, with a net margin of 15.59% and a year-over-year revenue increase of 15.5%.
• The company announced a quarterly dividend of $0.87 per share, which will provide a yield of 2.2% and has a dividend payout ratio of 30.18%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,161,190 shares of the insurance provider's stock after buying an additional 61,751 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.74% of Cincinnati Financial worth $171,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Bison Wealth LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $210,000. Ameriprise Financial Inc. grew its position in shares of Cincinnati Financial by 7.5% in the fourth quarter. Ameriprise Financial Inc. now owns 103,813 shares of the insurance provider's stock valued at $14,933,000 after purchasing an additional 7,250 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Cincinnati Financial by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 19,764 shares of the insurance provider's stock valued at $2,840,000 after purchasing an additional 1,437 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $207,000. Finally, Nomura Holdings Inc. lifted its stake in shares of Cincinnati Financial by 24.7% during the fourth quarter. Nomura Holdings Inc. now owns 13,221 shares of the insurance provider's stock valued at $1,900,000 after buying an additional 2,622 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Roth Capital increased their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $159.40.

Cincinnati Financial Trading Down 1.1%

Shares of CINF stock traded down $1.73 during mid-day trading on Monday, reaching $155.13. The company's stock had a trading volume of 515,879 shares, compared to its average volume of 664,965. The company's 50 day simple moving average is $151.16 and its 200-day simple moving average is $146.11. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $161.74. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $24.26 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 7.68 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm posted $1.29 EPS. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial's payout ratio is 30.18%.

Cincinnati Financial Company 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.