Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 119.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,909 shares of the insurance provider's stock after buying an additional 94,631 shares during the period. Victory Capital Management Inc. owned about 0.11% of Cincinnati Financial worth $17,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC boosted its stake in Cincinnati Financial by 554.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider's stock worth $113,470,000 after purchasing an additional 939,861 shares during the last quarter. AQR Capital Management LLC boosted its position in Cincinnati Financial by 1,870.3% during the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider's stock worth $28,031,000 after acquiring an additional 260,122 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Cincinnati Financial during the 4th quarter valued at about $21,036,000. London Co. of Virginia raised its holdings in Cincinnati Financial by 7.8% in the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider's stock valued at $283,658,000 after acquiring an additional 200,414 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Cincinnati Financial by 122.4% during the fourth quarter. Russell Investments Group Ltd. now owns 270,815 shares of the insurance provider's stock worth $28,016,000 after acquiring an additional 149,043 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.5 %

Shares of CINF traded up $0.56 during midday trading on Friday, reaching $118.87. The stock had a trading volume of 331,292 shares, compared to its average volume of 857,954. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 2.50 and a beta of 0.63. The company's fifty day simple moving average is $118.46 and its two-hundred day simple moving average is $110.01. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.03. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The company had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same period last year, the firm earned $0.89 earnings per share. Cincinnati Financial's quarterly revenue was up 31.0% on a year-over-year basis. Equities research analysts expect that Cincinnati Financial Co. will post 6.37 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be paid a $0.81 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.24 annualized dividend and a yield of 2.73%. Cincinnati Financial's dividend payout ratio is currently 21.56%.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $113.47 per share, with a total value of $113,470.00. Following the transaction, the director now directly owns 53,988 shares of the company's stock, valued at approximately $6,126,018.36. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CINF. Citigroup lifted their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, April 16th. Piper Sandler restated a "neutral" rating and set a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. TheStreet upgraded shares of Cincinnati Financial from a "c+" rating to a "b" rating in a research note on Tuesday, February 6th. BMO Capital Markets raised shares of Cincinnati Financial from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $124.50.

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.