Global X Japan Co. Ltd. Increases Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Global X Japan Co. Ltd. grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,763 shares of the insurance provider’s stock after buying an additional 248 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Cincinnati Financial were worth $541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial in the third quarter worth approximately $28,000. Finally, Y.D. More Investments Ltd increased its stake 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 valued at $28,000 after buying an additional 106 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.8 %

Shares of Cincinnati Financial stock opened at $137.91 on Friday. Cincinnati Financial Co. has a twelve month low of $104.78 and a twelve month high of $161.74. The firm’s 50-day moving average price is $144.61 and its 200 day moving average price is $139.88. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $21.56 billion, a PE ratio of 7.09, a P/E/G ratio of 2.41 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.52%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s payout ratio is presently 16.65%.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America raised their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $143.33.

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.