UniSuper Management Pty Ltd Increases Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

UniSuper Management Pty Ltd increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,423 shares of the insurance provider’s stock after purchasing an additional 2,531 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Cincinnati Financial were worth $2,504,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Cincinnati Financial by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock valued at $2,754,399,000 after acquiring an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after purchasing an additional 224,033 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in Cincinnati Financial by 0.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock valued at $191,507,000 after purchasing an additional 8,736 shares during the period. Bank of New York Mellon Corp boosted its holdings in Cincinnati Financial by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock valued at $148,013,000 after purchasing an additional 27,301 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in Cincinnati Financial by 2.3% during the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock worth $114,354,000 after purchasing an additional 18,192 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average price target of $154.20.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $145.55 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The stock’s 50-day moving average price is $140.57 and its 200-day moving average price is $142.73. The stock has a market capitalization of $22.79 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

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.