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% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,349 shares of the insurance provider’s stock after buying 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 institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Cincinnati Financial by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider’s stock valued at $671,265,000 after buying an additional 25,888 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in Cincinnati Financial during the fourth quarter worth $1,231,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Cincinnati Financial during the first quarter worth $12,002,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Cincinnati Financial by 3.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 359,259 shares of the insurance provider’s stock valued at $58,017,000 after acquiring an additional 10,483 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Cincinnati Financial by 22.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,574 shares of the insurance provider’s stock valued at $2,870,000 after acquiring an additional 3,216 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF opened at $173.17 on Friday. The company 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. Cincinnati Financial Corporation has a twelve month low of $149.60 and a twelve month high of $194.81. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $177.61 and a two-hundred day moving average of $168.16.

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

Analyst Upgrades and Downgrades

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

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.