AEGON ASSET MANAGEMENT UK Plc Decreases Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,050 shares of the insurance provider's stock after selling 10,590 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.18% of Cincinnati Financial worth $38,371,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its position in shares of Cincinnati Financial by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider's stock valued at $23,367,000 after buying an additional 7,709 shares in the last quarter. Vest Financial LLC raised its position in shares of Cincinnati Financial by 14.0% during the 2nd quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider's stock valued at $44,726,000 after buying an additional 46,530 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Cincinnati Financial by 77.3% during the 1st quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider's stock valued at $5,326,000 after buying an additional 18,704 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Cincinnati Financial by 91.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider's stock valued at $14,016,000 after buying an additional 56,686 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Cincinnati Financial by 165.4% during the 1st quarter. Advisors Asset Management Inc. now owns 7,792 shares of the insurance provider's stock valued at $968,000 after purchasing an additional 4,856 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 1.1 %

Shares of NASDAQ CINF traded up $1.57 during midday trading on Friday, reaching $148.69. 412,717 shares of the company's stock traded hands, compared to its average volume of 615,388. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock's 50 day simple moving average is $138.14 and its 200-day simple moving average is $126.96. Cincinnati Financial Co. has a one year low of $98.65 and a one year high of $150.96. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 2.84 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data 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). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. Cincinnati Financial's revenue for the quarter was up 21.5% on a year-over-year basis. On average, analysts predict that Cincinnati Financial Co. will post 6.35 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.18%. Cincinnati Financial's dividend payout ratio is presently 16.65%.

Analysts Set New Price Targets

CINF has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Bank of America upped their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Roth Mkm upped their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, Piper Sandler upped their target price 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $138.57.

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.