Universal Beteiligungs und Servicegesellschaft mbH Sells 9,422 Shares of Cincinnati Financial Corporation $CINF

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,910 shares of the insurance provider's stock after selling 9,422 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Cincinnati Financial worth $21,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its holdings in Cincinnati Financial by 0.4% during the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider's stock worth $2,357,000 after acquiring an additional 64 shares in the last quarter. Legacy Financial Strategies LLC lifted its holdings in Cincinnati Financial by 0.3% during the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider's stock worth $3,576,000 after acquiring an additional 65 shares in the last quarter. State of Wyoming lifted its holdings in Cincinnati Financial by 5.4% during the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider's stock worth $208,000 after acquiring an additional 67 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider's stock worth $2,455,000 after acquiring an additional 75 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider's stock worth $303,000 after acquiring an additional 77 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CINF. Wall Street Zen lowered Cincinnati Financial from a "buy" rating to a "hold" rating in a report on Sunday, February 8th. Weiss Ratings upgraded Cincinnati Financial from a "buy (b)" rating to a "buy (a-)" rating in a report on Tuesday. Keefe, Bruyette & Woods cut their price target on Cincinnati Financial from $191.00 to $190.00 and set an "outperform" rating on the stock in a report on Tuesday, April 7th. Finally, Bank of America cut their price target on Cincinnati Financial from $178.00 to $177.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $174.75.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $164.48 on Friday. The business's 50 day moving average price is $162.63 and its two-hundred day moving average price is $162.45. The company has a market cap of $25.61 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 4.43 and a beta of 0.63. 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 Corporation has a twelve month low of $132.14 and a twelve month high of $174.27.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.86 by $0.51. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.92 billion. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The business's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.14 earnings per share. On average, analysts predict that Cincinnati Financial Corporation will post 8.39 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Tuesday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 24.79%.

About Cincinnati Financial

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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