Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel lessened its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,316 shares of the insurance provider’s stock after selling 530 shares during the quarter. Aurora Investment Counsel’s holdings in Cincinnati Financial were worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Cincinnati Financial by 347.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 52,706 shares of the insurance provider’s stock valued at $7,174,000 after buying an additional 40,925 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Cincinnati Financial by 7.0% in the third quarter. Advisors Asset Management Inc. now owns 12,754 shares of the insurance provider’s stock valued at $1,736,000 after acquiring an additional 833 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Cincinnati Financial during the 3rd quarter worth $456,000. Verity & Verity LLC grew its stake in shares of Cincinnati Financial by 2.4% during the 3rd quarter. Verity & Verity LLC now owns 91,368 shares of the insurance provider’s stock worth $12,437,000 after purchasing an additional 2,121 shares during the period. Finally, Meeder Advisory Services Inc. increased its holdings in shares of Cincinnati Financial by 328.0% in the 3rd quarter. Meeder Advisory Services Inc. now owns 12,111 shares of the insurance provider’s stock valued at $1,649,000 after purchasing an additional 9,281 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CINF shares. Piper Sandler boosted their price objective 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 boosted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Bank of America raised their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Roth Mkm boosted their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $151.62 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 2.89 and a beta of 0.65. Cincinnati Financial Co. has a fifty-two week low of $99.92 and a fifty-two week high of $152.85. The business has a fifty day moving average of $140.45 and a 200-day moving average of $128.96.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the company posted $1.66 earnings per share. As a group, analysts predict that Cincinnati Financial Co. will post 6.32 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.14%. Cincinnati Financial’s payout ratio is currently 16.65%.

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.