Aberdeen Group plc Reduces Stock Position in Cincinnati Financial Corporation $CINF

Aberdeen Group plc cut its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,069 shares of the insurance provider’s stock after selling 5,629 shares during the quarter. Aberdeen Group plc owned approximately 0.07% of Cincinnati Financial worth $16,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lodestone Wealth Management LLC purchased a new stake in Cincinnati Financial during the 4th quarter worth approximately $25,000. Nisa Investment Advisors LLC increased its holdings in shares of Cincinnati Financial by 4.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,336 shares of the insurance provider’s stock valued at $7,772,000 after acquiring an additional 1,866 shares during the last quarter. Birch Financial Group LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $348,000. Saxony Capital Management LLC increased its holdings in shares of Cincinnati Financial by 2.0% in the 4th quarter. Saxony Capital Management LLC now owns 5,553 shares of the insurance provider’s stock valued at $907,000 after acquiring an additional 110 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $144,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CINF. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Piper Sandler upped their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, March 24th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.33.

Cincinnati Financial Trading Up 1.0%

Shares of Cincinnati Financial stock opened at $160.04 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 3.53 and a beta of 0.63. The business has a fifty day simple moving average of $162.59 and a 200-day simple moving average of $161.88. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.51. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.92 billion. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.14 earnings per share. On average, equities analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Tuesday, March 24th. Cincinnati Financial’s payout ratio is presently 24.79%.

Cincinnati Financial Profile

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.