Cincinnati Financial Co. (NASDAQ:CINF) Position Trimmed by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 25.6% during the 1st quarter, HoldingsChannel reports. The firm owned 9,687 shares of the insurance provider’s stock after selling 3,337 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Cincinnati Financial were worth $1,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in shares of Cincinnati Financial by 15.4% in the 4th quarter. UBS Group AG now owns 349,153 shares of the insurance provider’s stock valued at $36,123,000 after purchasing an additional 46,595 shares during the last quarter. United Advisor Group LLC bought a new stake in Cincinnati Financial during the fourth quarter worth about $888,000. Norges Bank bought a new stake in Cincinnati Financial during the fourth quarter worth about $179,305,000. Teacher Retirement System of Texas lifted its position in shares of Cincinnati Financial by 61.5% during the fourth quarter. Teacher Retirement System of Texas now owns 160,543 shares of the insurance provider’s stock worth $16,610,000 after purchasing an additional 61,136 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Cincinnati Financial during the fourth quarter worth approximately $21,036,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the acquisition, the director now owns 53,988 shares in the company, valued at approximately $6,126,018.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 0.9 %

Cincinnati Financial stock traded down $1.02 during trading hours on Friday, hitting $115.70. The stock had a trading volume of 1,034,832 shares, compared to its average volume of 629,578. The business’s 50 day simple moving average is $116.40 and its 200-day simple moving average is $114.27. Cincinnati Financial Co. has a one year low of $95.81 and a one year high of $124.35. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 2.52 and a beta of 0.65. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. Cincinnati Financial’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, equities analysts predict that Cincinnati Financial Co. will post 6.32 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.80%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CINF. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $125.00 to $135.00 in a report on Monday, March 25th. Piper Sandler reissued a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a research report on Monday, April 1st. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Hold” and an average target price of $127.80.

Cincinnati Financial Company 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.