AEGON ASSET MANAGEMENT UK Plc Increases Holdings in Cincinnati Financial Corporation $CINF

AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 11.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,179 shares of the insurance provider’s stock after purchasing an additional 47,637 shares during the period. Cincinnati Financial accounts for about 1.0% of AEGON ASSET MANAGEMENT UK Plc’s holdings, making the stock its 24th largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Cincinnati Financial were worth $75,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CINF. Triton Financial Group Inc grew its position in shares of Cincinnati Financial by 0.7% in the 4th quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock worth $1,718,000 after buying an additional 73 shares during the last quarter. NewEdge Wealth LLC increased its stake in shares of Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after buying an additional 75 shares during the period. Essex Financial Services Inc. raised its holdings 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 acquiring an additional 77 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 77 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Cincinnati Financial by 1.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,363 shares of the insurance provider’s stock worth $669,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CINF. Bank of America cut their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Roth Mkm upped their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Piper Sandler raised their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.25.

Cincinnati Financial Trading Up 0.0%

NASDAQ CINF opened at $170.25 on Friday. The firm has a market capitalization of $26.34 billion, a PE ratio of 9.73, a P/E/G ratio of 3.70 and a beta of 0.57. The stock’s 50 day moving average is $164.76 and its 200 day moving average is $163.60. Cincinnati Financial Corporation has a twelve month low of $143.37 and a twelve month high of $174.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share. Research analysts forecast that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.50%.

About Cincinnati Financial

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.