Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Cincinnati Financial Co. (NASDAQ:CINF)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 119,216 shares of the insurance provider's stock, valued at approximately $17,131,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Cincinnati Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd boosted its position in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after buying an additional 205 shares during the period. McClarren Financial Advisors Inc. purchased a new position in shares of Cincinnati Financial during the fourth quarter worth $50,000. Finally, Kentucky Trust Co purchased a new position in shares of Cincinnati Financial during the fourth quarter worth $51,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CINF shares. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Down 0.1%

NASDAQ:CINF traded down $0.09 during midday trading on Tuesday, reaching $151.51. The company had a trading volume of 517,201 shares, compared to its average volume of 664,464. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 8.30 and a beta of 0.73. The stock's fifty day simple moving average is $141.23 and its 200-day simple moving average is $143.22. Cincinnati Financial Co. has a 12-month low of $111.92 and a 12-month high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 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 during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. On average, sell-side analysts anticipate that Cincinnati Financial Co. 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 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 dividend payout ratio (DPR) is 37.95%.

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.