AEGON ASSET MANAGEMENT UK Plc Grows Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

AEGON ASSET MANAGEMENT UK Plc raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 352,458 shares of the insurance provider’s stock after purchasing an additional 70,408 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Cincinnati Financial were worth $50,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CINF. Pacer Advisors Inc. grew its stake in Cincinnati Financial by 27.2% in the 2nd quarter. Pacer Advisors Inc. now owns 13,705 shares of the insurance provider’s stock worth $1,619,000 after acquiring an additional 2,930 shares in the last quarter. Sei Investments Co. grew its stake in Cincinnati Financial by 4.9% in the second quarter. Sei Investments Co. now owns 39,907 shares of the insurance provider’s stock worth $4,713,000 after purchasing an additional 1,865 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Cincinnati Financial by 7.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 26,516 shares of the insurance provider’s stock worth $3,132,000 after purchasing an additional 1,786 shares during the period. Bank of Montreal Can raised its position in Cincinnati Financial by 75.5% during the 2nd quarter. Bank of Montreal Can now owns 226,622 shares of the insurance provider’s stock valued at $26,895,000 after purchasing an additional 97,484 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Cincinnati Financial by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,009 shares of the insurance provider’s stock worth $3,544,000 after buying an additional 11,276 shares during the period. 65.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CINF has been the subject of several recent research reports. Piper Sandler lifted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Bank of America lifted their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.33.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Up 0.9 %

Cincinnati Financial stock opened at $137.24 on Friday. The stock has a market cap of $21.45 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. 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 stock has a 50-day moving average of $147.43 and a two-hundred day moving average of $138.90. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. On average, research analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th were paid a dividend of $0.81 per share. The ex-dividend date was Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.36%. Cincinnati Financial’s payout ratio is presently 16.65%.

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.