Mufg Securities Americas Inc. Makes New $332,000 Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Mufg Securities Americas Inc. purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,308 shares of the insurance provider's stock, valued at approximately $332,000.

A number of other institutional investors also recently bought and sold shares of CINF. Barclays PLC lifted its position in Cincinnati Financial by 13.1% in the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after buying an additional 61,801 shares during the last quarter. Wedmont Private Capital lifted its position in Cincinnati Financial by 5.9% in the fourth quarter. Wedmont Private Capital now owns 1,916 shares of the insurance provider's stock worth $260,000 after buying an additional 107 shares during the last quarter. Park Avenue Securities LLC lifted its position in Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after buying an additional 78 shares during the last quarter. USA Financial Formulas lifted its position in shares of Cincinnati Financial by 461.2% during the fourth quarter. USA Financial Formulas now owns 1,358 shares of the insurance provider's stock worth $195,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Cincinnati Financial by 25.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,413 shares of the insurance provider's stock worth $1,784,000 after purchasing an additional 2,548 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Stock Performance

NASDAQ CINF traded down $0.78 during trading hours on Tuesday, reaching $150.17. The stock had a trading volume of 384,273 shares, compared to its average volume of 665,478. The stock has a fifty day moving average of $140.66 and a 200 day moving average of $143.13. The stock has a market cap of $23.47 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. Cincinnati Financial's revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, June 23rd. 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.