Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 52.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 96,563 shares of the insurance provider’s stock after acquiring an additional 33,017 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Cincinnati Financial were worth $11,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System lifted its position in shares of Cincinnati Financial by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock worth $23,367,000 after buying an additional 7,709 shares during the last quarter. UBS Group AG lifted its position in Cincinnati Financial by 15.4% in the fourth quarter. UBS Group AG now owns 349,153 shares of the insurance provider’s stock valued at $36,123,000 after acquiring an additional 46,595 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Cincinnati Financial by 40.6% in the first quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock valued at $20,904,000 after acquiring an additional 48,597 shares in the last quarter. United Advisor Group LLC acquired a new position in Cincinnati Financial in the fourth quarter valued at $888,000. Finally, Norges Bank purchased a new position in shares of Cincinnati Financial during the fourth quarter worth about $179,305,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Trading Up 0.9 %

NASDAQ:CINF opened at $135.12 on Friday. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $128.58 and its 200-day simple moving average is $121.25. The firm has a market cap of $21.15 billion, a P/E ratio of 8.99, a PEG ratio of 2.63 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company posted $1.21 EPS. Cincinnati Financial’s revenue was up 11.4% compared to the same quarter last year. Equities analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.40%. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

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.