Cincinnati Financial Co. (NASDAQ:CINF) Position Boosted by Aurora Investment Counsel

Aurora Investment Counsel increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 13,846 shares of the insurance provider’s stock after purchasing an additional 153 shares during the period. Aurora Investment Counsel’s holdings in Cincinnati Financial were worth $1,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. TD Asset Management Inc lifted its position in shares of Cincinnati Financial by 56.2% during the 4th quarter. TD Asset Management Inc now owns 79,063 shares of the insurance provider’s stock valued at $8,180,000 after acquiring an additional 28,457 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Cincinnati Financial by 14.3% in the 4th quarter. Allianz Asset Management GmbH now owns 24,306 shares of the insurance provider’s stock valued at $2,515,000 after purchasing an additional 3,047 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in Cincinnati Financial in the 4th quarter worth about $223,000. APG Asset Management US Inc. acquired a new stake in Cincinnati Financial during the 4th quarter worth about $3,171,000. Finally, KBC Group NV lifted its stake in Cincinnati Financial by 38.4% during the fourth quarter. KBC Group NV now owns 18,926 shares of the insurance provider’s stock valued at $1,958,000 after buying an additional 5,255 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.4 %

Shares of NASDAQ:CINF opened at $136.12 on Tuesday. The firm has a fifty day moving average of $132.08 and a two-hundred day moving average of $123.04. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34. The firm has a market capitalization of $21.31 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts expect that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.38%. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CINF shares. Roth Mkm lifted their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America lowered their price objective on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.57.

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.