Royal London Asset Management Ltd. Has $17.43 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Royal London Asset Management Ltd. lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 32.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,027 shares of the insurance provider's stock after acquiring an additional 31,464 shares during the period. Royal London Asset Management Ltd. owned 0.08% of Cincinnati Financial worth $17,427,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CINF. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock valued at $787,076,000 after purchasing an additional 1,218,919 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Cincinnati Financial by 1.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider's stock valued at $178,845,000 after purchasing an additional 16,451 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider's stock worth $159,360,000 after purchasing an additional 187,934 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Cincinnati Financial by 10.6% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider's stock worth $131,739,000 after purchasing an additional 107,081 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Cincinnati Financial by 39.4% in the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider's stock valued at $115,758,000 after buying an additional 277,550 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

CINF traded down $1.13 on Friday, reaching $156.03. The company had a trading volume of 332,210 shares, compared to its average volume of 449,080. The company has a market capitalization of $24.39 billion, a P/E ratio of 8.02, a PEG ratio of 2.98 and a beta of 0.69. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average of $145.35 and a 200-day moving average of $131.93. Cincinnati Financial Co. has a one year low of $100.31 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $1.66 EPS. The firm's quarterly revenue was up 21.5% on a year-over-year basis. As a group, equities research analysts anticipate that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial's dividend payout ratio is presently 16.65%.

Insiders Place Their Bets

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. 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 report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Finally, Bank of America increased their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.