AEGON ASSET MANAGEMENT UK Plc Has $27.72 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)
AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF – Get Rating) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,814 shares of the insurance provider’s stock after selling 21,575 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.16% of Cincinnati Financial worth $27,717,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of CINF. American Century Companies Inc. lifted its stake in Cincinnati Financial by 14.4% in the 1st quarter. American Century Companies Inc. now owns 12,234 shares of the insurance provider’s stock valued at $1,663,000 after purchasing an additional 1,536 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Cincinnati Financial in the 1st quarter valued at about $779,000. Cibc World Market Inc. acquired a new stake in Cincinnati Financial in the 1st quarter valued at about $713,000. Blair William & Co. IL lifted its stake in Cincinnati Financial by 12.1% in the 1st quarter. Blair William & Co. IL now owns 3,319 shares of the insurance provider’s stock valued at $451,000 after purchasing an additional 357 shares during the last quarter. Finally, Aviva PLC lifted its stake in Cincinnati Financial by 56.5% in the 1st quarter. Aviva PLC now owns 92,169 shares of the insurance provider’s stock valued at $12,531,000 after purchasing an additional 33,270 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on CINF. Bank of America upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $113.00 to $117.00 in a research note on Thursday, May 18th. StockNews.com assumed coverage on shares of Cincinnati Financial in a report on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b-” rating in a report on Monday, May 22nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $117.00 price target (down from $119.00) on shares of Cincinnati Financial in a report on Tuesday, April 18th. Finally, Piper Sandler increased their price target on shares of Cincinnati Financial from $114.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, April 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.17.
Cincinnati Financial Stock Performance
Shares of CINF traded down $0.68 during mid-day trading on Friday, hitting $96.75. 57,754 shares of the company’s stock were exchanged, compared to its average volume of 679,362. The stock’s 50-day simple moving average is $102.72 and its 200-day simple moving average is $108.48. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 811.92, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.08. Cincinnati Financial Co. has a 52 week low of $88.66 and a 52 week high of $130.66.
Cincinnati Financial (NASDAQ:CINF – Get Rating) last announced its quarterly earnings data on Friday, April 28th. The insurance provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Cincinnati Financial had a net margin of 0.16% and a return on equity of 5.44%. The firm’s quarterly revenue was up 84.0% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. On average, equities research analysts expect that Cincinnati Financial Co. will post 4.65 EPS for the current year.
Cincinnati Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 16th will be given a $0.75 dividend. The ex-dividend date is Thursday, June 15th. This represents a $3.00 dividend on an annualized basis and a yield of 3.10%. Cincinnati Financial’s dividend payout ratio is currently 2,500.00%.
Insider Buying and Selling at Cincinnati Financial
In other Cincinnati Financial news, Director Charles Odell Schiff sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $102.74, for a total value of $2,054,800.00. Following the sale, the director now owns 190,555 shares in the company, valued at $19,577,620.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cincinnati Financial news, Director Charles Odell Schiff sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $102.74, for a total value of $2,054,800.00. Following the sale, the director now owns 190,555 shares in the company, valued at $19,577,620.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were acquired at an average price of $98.39 per share, for a total transaction of $98,390.00. Following the acquisition, the director now owns 47,960 shares of the company’s stock, valued at approximately $4,718,784.40. The disclosure for this purchase can be found here. Company insiders own 2.95% of the company’s stock.
Cincinnati Financial Profile
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.
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