Cincinnati Financial Corporation $CINF Shares Bought by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,894 shares of the insurance provider’s stock after buying an additional 11,510 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.25% of Cincinnati Financial worth $57,931,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC grew its stake in shares of Cincinnati Financial by 5.0% in the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 72 shares during the last quarter. Spire Wealth Management grew its stake in shares of Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in shares of Cincinnati Financial by 5.7% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 89 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of Cincinnati Financial by 4.1% in the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 94 shares during the last quarter. Finally, Brass Tax Wealth Management Inc. grew its stake in shares of Cincinnati Financial by 5.2% in the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Roth Capital lifted their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.25.

Cincinnati Financial Stock Up 0.6%

Cincinnati Financial stock opened at $158.75 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $166.90. The company has a market cap of $24.82 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 7.57 and a beta of 0.72. The stock’s 50 day moving average price is $155.44 and its 200 day moving average price is $148.22.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.Cincinnati Financial’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. On average, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial’s payout ratio is currently 30.18%.

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.