Aurora Investment Counsel Cuts Position in Cincinnati Financial Co. (NASDAQ:CINF)

Aurora Investment Counsel lowered its position in Cincinnati Financial Co. (NASDAQ:CINF) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,316 shares of the insurance provider’s stock after selling 530 shares during the quarter. Aurora Investment Counsel’s holdings in Cincinnati Financial were worth $1,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. UMB Bank n.a. lifted its position in shares of Cincinnati Financial by 7.4% during the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 79 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cincinnati Financial by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 80 shares in the last quarter. Hartford Investment Management Co. increased its holdings in shares of Cincinnati Financial by 0.8% in the 3rd quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock valued at $1,384,000 after acquiring an additional 80 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its position in shares of Cincinnati Financial by 4.3% during the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock worth $271,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.7 %

Shares of Cincinnati Financial stock opened at $151.62 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $23.70 billion, a P/E ratio of 7.79, a PEG ratio of 2.89 and a beta of 0.65. Cincinnati Financial Co. has a 1 year low of $99.92 and a 1 year high of $152.85. The company’s fifty day moving average is $140.45 and its two-hundred day moving average is $128.96.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 EPS. Analysts forecast that Cincinnati Financial Co. will post 6.32 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared 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 2.14%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Roth Mkm upped their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Bank of America upped their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial 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.