Aberdeen Group plc Boosts Position in Cincinnati Financial Corporation $CINF

Key Points

• Aberdeen Group plc has significantly increased its stake in Cincinnati Financial Corporation by 78.9%, acquiring a total of 99,118 shares valued at approximately $14.55 million.
• Cincinnati Financial reported earnings of $1.97 per share for the last quarter, surpassing estimates and marking a 15.5% increase in revenue compared to the previous year.
• Analysts have raised their price targets for Cincinnati Financial, with the consensus rating now set at "Moderate Buy" and an average price target of $159.40.

Aberdeen Group plc lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 78.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,118 shares of the insurance provider's stock after acquiring an additional 43,719 shares during the period. Aberdeen Group plc owned 0.06% of Cincinnati Financial worth $14,548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CINF. United Capital Financial Advisors LLC increased its position in shares of Cincinnati Financial by 10.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 2,671 shares of the insurance provider's stock worth $384,000 after purchasing an additional 254 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Cincinnati Financial by 3.4% during the 4th quarter. NewEdge Advisors LLC now owns 20,424 shares of the insurance provider's stock worth $2,935,000 after purchasing an additional 681 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cincinnati Financial by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider's stock worth $203,438,000 after purchasing an additional 34,810 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Cincinnati Financial by 72.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,135 shares of the insurance provider's stock worth $1,456,000 after purchasing an additional 4,261 shares during the last quarter. Finally, Ossiam increased its position in shares of Cincinnati Financial by 26.0% during the 4th quarter. Ossiam now owns 8,140 shares of the insurance provider's stock worth $1,170,000 after purchasing an additional 1,680 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $149.79 on Tuesday. The company has a market cap of $23.42 billion, a P/E ratio of 12.99, a P/E/G ratio of 7.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a 50-day moving average of $148.45 and a two-hundred day moving average of $143.91. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.58. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. As a group, analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Roth Capital raised their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $159.40.

About Cincinnati Financial

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.

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