AEGON ASSET MANAGEMENT UK Plc Acquires 25,926 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

AEGON ASSET MANAGEMENT UK Plc grew its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,384 shares of the insurance provider's stock after buying an additional 25,926 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.24% of Cincinnati Financial worth $55,802,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Unigestion Holding SA purchased a new stake in Cincinnati Financial during the 1st quarter valued at $824,000. Whipplewood Advisors LLC boosted its position in Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after buying an additional 200 shares during the period. RFG Advisory LLC purchased a new stake in Cincinnati Financial during the 1st quarter valued at $217,000. Merit Financial Group LLC boosted its position in Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after buying an additional 3,776 shares during the period. Finally, Czech National Bank boosted its position in Cincinnati Financial by 6.0% during the 1st quarter. Czech National Bank now owns 35,922 shares of the insurance provider's stock valued at $5,306,000 after buying an additional 2,029 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CINF shares. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded up $1.16 during trading on Friday, reaching $151.03. 350,110 shares of the company traded hands, compared to its average volume of 663,504. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $23.61 billion, a PE ratio of 10.40, a P/E/G ratio of 8.30 and a beta of 0.78. The firm has a 50 day simple moving average of $141.43 and a 200-day simple moving average of $143.25. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 earnings per share. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.

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.