AEGON ASSET MANAGEMENT UK Plc Grows Stock Position in Cincinnati Financial Corporation $CINF

AEGON ASSET MANAGEMENT UK Plc raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 32.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,636 shares of the insurance provider’s stock after buying an additional 126,742 shares during the quarter. Cincinnati Financial makes up approximately 1.0% of AEGON ASSET MANAGEMENT UK Plc’s holdings, making the stock its 20th largest holding. AEGON ASSET MANAGEMENT UK Plc owned 0.33% of Cincinnati Financial worth $81,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC boosted its position in shares of Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Quent Capital LLC acquired a new position in Cincinnati Financial during the third quarter worth approximately $34,000. SJS Investment Consulting Inc. raised its stake in Cincinnati Financial by 2,538.5% during the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 330 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Cincinnati Financial in the 2nd quarter valued at $60,000. Finally, GoalVest Advisory LLC boosted its holdings in shares of Cincinnati Financial by 58.9% in the 2nd quarter. GoalVest Advisory LLC now owns 410 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CINF. Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Roth Mkm restated a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Finally, Piper Sandler lifted their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Cincinnati Financial Trading Down 0.7%

NASDAQ:CINF opened at $157.03 on Monday. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 3.54 and a beta of 0.66. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $169.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50-day simple moving average is $164.02 and its 200 day simple moving average is $158.01.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm earned $1.42 EPS. Cincinnati Financial’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 22nd were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, December 22nd. Cincinnati Financial’s payout ratio is 25.89%.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, October 28th. The shares were purchased at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the purchase, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. The trade was a 1.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.83% of the stock is owned by corporate insiders.

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.