Mitsubishi UFJ Trust & Banking Corp Purchases 4,395 Shares of Cincinnati Financial Corporation $CINF

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,349 shares of the insurance provider’s stock after purchasing an additional 4,395 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cincinnati Financial were worth $12,654,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. BIP Wealth LLC raised its position in Cincinnati Financial by 1.6% in the 2nd quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock worth $720,000 after purchasing an additional 63 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Cincinnati Financial by 0.5% in the second quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock worth $2,616,000 after purchasing an additional 68 shares during the last quarter. McAdam LLC boosted its position in shares of Cincinnati Financial by 2.6% during the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock valued at $512,000 after buying an additional 70 shares during the period. Triton Financial Group Inc boosted its position in shares of Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares during the period. Finally, Essex Financial Services Inc. grew its stake in shares of Cincinnati Financial by 3.5% during the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock valued at $374,000 after buying an additional 77 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Roth Capital increased their price target on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a research report on Wednesday, July 15th. Piper Sandler increased their target price on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.40.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $173.17 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 3.62 and a beta of 0.54. The firm has a 50-day moving average of $177.61 and a two-hundred day moving average of $168.16. Cincinnati Financial Corporation has a 1 year low of $149.60 and a 1 year high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business posted $1.97 earnings per share. On average, research analysts forecast that Cincinnati Financial Corporation will post 8.31 earnings per share for the current year.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.