Cincinnati Financial Corporation (NASDAQ:CINF) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,355 shares of the insurance provider's stock after buying an additional 9,139 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Cincinnati Financial worth $18,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Park National Corp OH boosted its position in shares of Cincinnati Financial by 0.6% during the 1st quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock valued at $1,874,000 after acquiring an additional 72 shares during the last quarter. Spire Wealth Management boosted its position in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 76 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Cincinnati Financial by 0.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after acquiring an additional 91 shares during the last quarter. CWA Asset Management Group LLC boosted its position in shares of Cincinnati Financial by 4.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock valued at $352,000 after acquiring an additional 94 shares during the last quarter. Finally, Brass Tax Wealth Management Inc. lifted its position in Cincinnati Financial by 5.2% in the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock valued at $279,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CINF. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a research report on Wednesday, July 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 given a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Cincinnati Financial Trading Down 1.0%

NASDAQ CINF traded down $1.43 during trading hours on Monday, reaching $147.97. The company had a trading volume of 105,689 shares, compared to its average volume of 695,147. The stock has a 50-day moving average of $147.96 and a 200 day moving average of $142.61. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $23.13 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 9.92 and a beta of 0.76.

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

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd were given a dividend of $0.87 per share. The ex-dividend date was Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. Cincinnati Financial's dividend payout ratio is presently 37.95%.

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.