Aware Super Pty Ltd as trustee of Aware Super Invests $12 Million in Cincinnati Financial Corporation $CINF

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the 1st quarter, HoldingsChannel reports. The firm purchased 76,277 shares of the insurance provider’s stock, valued at approximately $12,002,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CINF. Vanguard Group Inc. raised its position in Cincinnati Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 19,725,564 shares of the insurance provider’s stock valued at $3,221,579,000 after acquiring an additional 123,110 shares in the last quarter. State Street Corp increased its position in shares of Cincinnati Financial by 0.3% during the third quarter. State Street Corp now owns 8,542,265 shares of the insurance provider’s stock worth $1,357,825,000 after purchasing an additional 26,475 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Cincinnati Financial by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,632,071 shares of the insurance provider’s stock worth $1,083,151,000 after buying an additional 97,761 shares in the last quarter. Geode Capital Management LLC lifted its stake in Cincinnati Financial by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider’s stock worth $671,265,000 after purchasing an additional 25,888 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Cincinnati Financial by 4.2% during the second quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider’s stock worth $299,553,000 after buying an additional 80,487 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CINF shares. Atlantic Securities set a $197.00 price target on shares of Cincinnati Financial in a research note on Wednesday. Roth Capital lifted their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Bank of America cut their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Finally, Piper Sandler boosted their target price on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $192.40.

Cincinnati Financial Stock Up 2.6%

Shares of NASDAQ CINF opened at $180.79 on Friday. The firm has a 50-day moving average price of $171.96 and a 200 day moving average price of $165.98. The stock has a market capitalization of $27.97 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 3.61 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 52 week low of $143.87 and a 52 week high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. Equities research analysts anticipate that Cincinnati Financial Corporation will post 8.76 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.