Cincinnati Financial Corp Increases Stock Position in Ares Management Corporation $ARES

Cincinnati Financial Corp grew its holdings in Ares Management Corporation (NYSE:ARES) by 55.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,000 shares of the asset manager’s stock after purchasing an additional 60,000 shares during the quarter. Cincinnati Financial Corp owned approximately 0.05% of Ares Management worth $26,862,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Nemes Rush Group LLC grew its holdings in Ares Management by 3.1% during the 2nd quarter. Nemes Rush Group LLC now owns 1,745 shares of the asset manager’s stock valued at $302,000 after buying an additional 52 shares during the last quarter. New York Life Investment Management LLC raised its holdings in shares of Ares Management by 2.0% in the second quarter. New York Life Investment Management LLC now owns 3,083 shares of the asset manager’s stock worth $534,000 after acquiring an additional 59 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Ares Management by 10.3% in the second quarter. First Horizon Advisors Inc. now owns 630 shares of the asset manager’s stock valued at $109,000 after acquiring an additional 59 shares in the last quarter. MGO One Seven LLC lifted its position in shares of Ares Management by 1.3% in the second quarter. MGO One Seven LLC now owns 4,576 shares of the asset manager’s stock valued at $793,000 after acquiring an additional 60 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Ares Management by 4.0% during the second quarter. Kingsview Wealth Management LLC now owns 1,625 shares of the asset manager’s stock valued at $281,000 after acquiring an additional 63 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARES. Citigroup reissued a “market outperform” rating on shares of Ares Management in a research note on Tuesday, October 21st. Morgan Stanley set a $178.00 price target on shares of Ares Management in a report on Tuesday, January 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada reduced their price objective on shares of Ares Management from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, UBS Group decreased their target price on shares of Ares Management from $201.00 to $198.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $185.13.

Insider Buying and Selling at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 186,197 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following the completion of the sale, the chief executive officer directly owned 290,997 shares in the company, valued at $44,449,791.75. This represents a 39.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ashish Bhutani acquired 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the acquisition, the director owned 34,071 shares in the company, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 590,000 shares of company stock worth $90,653,808 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Ares Management Trading Down 0.3%

Shares of ARES stock opened at $136.86 on Wednesday. The firm’s 50-day simple moving average is $162.07 and its 200-day simple moving average is $164.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. Ares Management Corporation has a 1-year low of $110.63 and a 1-year high of $195.26. The firm has a market cap of $44.74 billion, a P/E ratio of 80.98, a PEG ratio of 0.82 and a beta of 1.52.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a return on equity of 19.26% and a net margin of 9.41%.During the same period last year, the company posted $0.55 EPS. As a group, equities analysts forecast that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s payout ratio is currently 265.09%.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.