Cincinnati Financial Co. (NASDAQ:CINF) Stake Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 12.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,327 shares of the insurance provider’s stock after acquiring an additional 493 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Cincinnati Financial were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Cincinnati Financial by 39.4% during the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after purchasing an additional 277,550 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cincinnati Financial by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after buying an additional 187,934 shares during the last quarter. Natixis bought a new position in shares of Cincinnati Financial in the first quarter valued at $22,053,000. Bahl & Gaynor Inc. lifted its position in shares of Cincinnati Financial by 10.6% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock valued at $131,739,000 after acquiring an additional 107,081 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Cincinnati Financial by 126.4% during the 2nd quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock worth $21,259,000 after acquiring an additional 100,487 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 1.5 %

NASDAQ:CINF opened at $151.78 on Friday. The stock’s 50-day moving average is $139.54 and its two-hundred day moving average is $128.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $23.73 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 2.86 and a beta of 0.65. Cincinnati Financial Co. has a fifty-two week low of $99.61 and a fifty-two week high of $152.30.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company posted $1.66 EPS. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 6.35 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.13%. Cincinnati Financial’s dividend payout ratio is 16.65%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Roth Mkm boosted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Bank of America raised their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler boosted their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

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.