Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,563 shares of the insurance provider’s stock after buying an additional 3,367 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Cincinnati Financial worth $55,262,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial in the third quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth approximately $28,000. Y.D. More Investments Ltd increased its stake in shares of Cincinnati Financial by 121.8% in 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 last quarter. Finally, True Wealth Design LLC acquired a new stake in Cincinnati Financial in the third quarter valued at $42,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CINF shares. Piper Sandler boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial Trading Down 1.0 %

NASDAQ CINF opened at $135.62 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a one year low of $107.75 and a one year high of $161.74. The company has a 50-day simple moving average of $143.70 and a 200-day simple moving average of $140.25. The firm has a market capitalization of $21.20 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.57%. Cincinnati Financial’s payout ratio is 16.65%.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.83% of the company’s stock.

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.