Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by AlphaMark Advisors LLC

AlphaMark Advisors LLC cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 28.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353 shares of the insurance provider’s stock after selling 140 shares during the period. AlphaMark Advisors LLC’s holdings in Cincinnati Financial were worth $44,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. UBS Group AG grew its position in Cincinnati Financial by 15.4% during the 4th quarter. UBS Group AG now owns 349,153 shares of the insurance provider’s stock worth $36,123,000 after purchasing an additional 46,595 shares during the period. United Advisor Group LLC purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth about $888,000. Norges Bank purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth about $179,305,000. Teacher Retirement System of Texas boosted its stake in shares of Cincinnati Financial by 61.5% during the 4th quarter. Teacher Retirement System of Texas now owns 160,543 shares of the insurance provider’s stock worth $16,610,000 after acquiring an additional 61,136 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth about $21,036,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.9 %

Shares of CINF stock traded up $1.09 during trading on Monday, hitting $119.19. 736,226 shares of the stock traded hands, compared to its average volume of 787,619. The firm has a market capitalization of $18.66 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 2.54 and a beta of 0.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26. The firm’s fifty day moving average price is $116.47 and its 200-day moving average price is $113.92. Cincinnati Financial Co. has a 52-week low of $95.81 and a 52-week high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.69 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. As a group, research analysts forecast that Cincinnati Financial Co. will post 6.32 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of research reports. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $135.00 in a research note on Friday. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Piper Sandler restated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.80.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $113.47 per share, with a total value of $113,470.00. Following the completion of the transaction, the director now owns 53,988 shares of the company’s stock, valued at $6,126,018.36. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.83% of the company’s stock.

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.