Blackhawk Capital Partners LLC. Reduces Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Blackhawk Capital Partners LLC. trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,585 shares of the insurance provider’s stock after selling 574 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Cincinnati Financial were worth $1,169,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Cincinnati Financial by 1.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock worth $178,845,000 after buying an additional 16,451 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Cincinnati Financial by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after purchasing an additional 187,934 shares in the last quarter. Bahl & Gaynor Inc. raised its position in Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock valued at $131,739,000 after purchasing an additional 107,081 shares during the period. AQR Capital Management LLC lifted its stake in shares of Cincinnati Financial by 39.4% during the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock worth $115,758,000 after purchasing an additional 277,550 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Cincinnati Financial by 2.6% in the third quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider’s stock valued at $105,845,000 after buying an additional 19,793 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of analyst reports. Roth Mkm upped their price target on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America raised their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Trading Up 0.7 %

Cincinnati Financial stock opened at $151.62 on Thursday. Cincinnati Financial Co. has a 1 year low of $99.92 and a 1 year high of $152.85. The firm’s 50-day moving average is $140.45 and its 200-day moving average is $128.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $23.70 billion, a P/E ratio of 7.79, a PEG ratio of 2.87 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. During the same quarter in the previous year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, equities analysts expect that Cincinnati Financial Co. will post 6.32 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.14%. Cincinnati Financial’s payout ratio is 16.65%.

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.