Aberdeen Group plc Has $16.06 Million Stake in Cincinnati Financial Corporation $CINF

Key Points

• Aberdeen Group plc increased its stake in Cincinnati Financial Corporation (CINF) by 8.8% in Q2, holding 107,833 shares valued at $16.06 million.
• Other institutional investors have also significantly adjusted their holdings, including GQG Partners LLC, which acquired a position valued at around $270 million.
• Cincinnati Financial reported a quarterly EPS of $1.97, exceeding analysts' expectations, while revenues were $2.48 billion, despite missing estimates of $2.80 billion.

Aberdeen Group plc lifted its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,833 shares of the insurance provider's stock after purchasing an additional 8,715 shares during the quarter. Aberdeen Group plc owned 0.07% of Cincinnati Financial worth $16,058,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GQG Partners LLC bought a new position in Cincinnati Financial in the first quarter valued at about $270,005,000. Raymond James Financial Inc. boosted its holdings in Cincinnati Financial by 558.8% in the first quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider's stock valued at $79,909,000 after acquiring an additional 458,841 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Cincinnati Financial by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock valued at $940,130,000 after buying an additional 358,018 shares during the period. Nuveen LLC acquired a new position in Cincinnati Financial in the first quarter valued at about $47,070,000. Finally, Woodline Partners LP lifted its stake in Cincinnati Financial by 3,392.1% in the first quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider's stock valued at $48,423,000 after buying an additional 318,413 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CINF has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Finally, Roth Capital increased their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $157.25.

Cincinnati Financial Trading Up 0.6%

NASDAQ CINF opened at $158.75 on Wednesday. The firm has a market cap of $24.83 billion, a P/E ratio of 13.77, a P/E/G ratio of 7.57 and a beta of 0.72. 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's 50-day moving average is $155.44 and its 200-day moving average is $148.22. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $166.90.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.29 earnings per share. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial's dividend payout ratio (DPR) is currently 30.18%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.