Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. lowered its position in Cincinnati Financial Co. (NASDAQ:CINF) by 19.6% during the fourth quarter, HoldingsChannel reports. The firm owned 6,906 shares of the insurance provider’s stock after selling 1,679 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Cincinnati Financial were worth $992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after acquiring an additional 1,218,919 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of Cincinnati Financial by 2.3% in the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock valued at $114,354,000 after purchasing an additional 18,192 shares during the last quarter. Barclays PLC lifted its position in Cincinnati Financial by 13.1% during the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after buying an additional 61,801 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after buying an additional 147,542 shares in the last quarter. Finally, Vest Financial LLC boosted its stake in Cincinnati Financial by 2.3% during the fourth quarter. Vest Financial LLC now owns 427,595 shares of the insurance provider’s stock worth $61,445,000 after buying an additional 9,529 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 1.5 %

Shares of NASDAQ:CINF opened at $137.13 on Tuesday. The business has a 50-day moving average price of $139.81 and a 200 day moving average price of $140.98. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Sell-side analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is 23.97%.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CINF shares. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.00.

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.