Universal Beteiligungs und Servicegesellschaft mbH Has $20.33 Million Stock Holdings in Cincinnati Financial Corporation $CINF

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,490 shares of the insurance provider’s stock after buying an additional 8,135 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Cincinnati Financial worth $20,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bison Wealth LLC bought a new position in Cincinnati Financial in the 4th quarter valued at about $210,000. Diversify Advisory Services LLC raised its stake in shares of Cincinnati Financial by 7.8% in the first quarter. Diversify Advisory Services LLC now owns 2,051 shares of the insurance provider’s stock worth $287,000 after purchasing an additional 148 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Cincinnati Financial by 32.8% in the first quarter. Private Advisor Group LLC now owns 10,138 shares of the insurance provider’s stock valued at $1,497,000 after purchasing an additional 2,506 shares in the last quarter. OneAscent Financial Services LLC boosted its position in shares of Cincinnati Financial by 96.9% during the first quarter. OneAscent Financial Services LLC now owns 4,142 shares of the insurance provider’s stock valued at $614,000 after buying an additional 2,038 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Cincinnati Financial by 23.0% during the first quarter. IFP Advisors Inc now owns 3,818 shares of the insurance provider’s stock worth $564,000 after buying an additional 715 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CINF. Roth Capital restated a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $171.67.

Cincinnati Financial Trading Up 0.6%

Shares of Cincinnati Financial stock opened at $162.37 on Wednesday. The firm has a market cap of $25.33 billion, a PE ratio of 12.08, a P/E/G ratio of 4.27 and a beta of 0.69. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $168.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.29. The stock has a fifty day moving average price of $158.16 and a 200-day moving average price of $152.44.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 22nd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Cincinnati Financial’s payout ratio is 25.89%.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were acquired at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the purchase, the director owned 58,482 shares in the company, valued at approximately $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.