Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Aurora Investment Counsel

Aurora Investment Counsel raised its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,846 shares of the insurance provider’s stock after purchasing an additional 153 shares during the quarter. Aurora Investment Counsel’s holdings in Cincinnati Financial were worth $1,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rothschild Investment LLC acquired a new stake in shares of Cincinnati Financial during the second quarter worth approximately $29,000. Raleigh Capital Management Inc. acquired a new position in Cincinnati Financial during the 4th quarter worth $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cincinnati Financial in the 1st quarter worth about $47,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at about $49,000. Finally, Innealta Capital LLC acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at about $52,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Up 0.4 %

NASDAQ:CINF opened at $136.12 on Tuesday. The firm has a market capitalization of $21.31 billion, a P/E ratio of 9.06, a P/E/G ratio of 2.65 and a beta of 0.66. The business has a 50 day simple moving average of $132.08 and a 200 day simple moving average of $123.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $1.21 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.