Hengehold Capital Management LLC Increases Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Hengehold Capital Management LLC increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 8.5% in the first quarter, Holdings Channel.com reports. The firm owned 17,619 shares of the insurance provider’s stock after acquiring an additional 1,375 shares during the period. Hengehold Capital Management LLC’s holdings in Cincinnati Financial were worth $2,188,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its holdings in Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock valued at $25,000 after buying an additional 174 shares during the last quarter. Criterion Capital Advisors LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at $27,000. BKM Wealth Management LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at $31,000. Raleigh Capital Management Inc. bought a new stake in Cincinnati Financial during the 4th quarter valued at $31,000. Finally, Integrated Investment Consultants LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $113.47 per share, with a total value of $113,470.00. Following the transaction, the director now owns 53,988 shares of the company’s stock, valued at approximately $6,126,018.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CINF. Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $135.00 in a report on Friday. Piper Sandler restated a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.80.

Cincinnati Financial Stock Up 1.0 %

Shares of Cincinnati Financial stock traded up $1.15 during trading on Friday, hitting $117.83. The company’s stock had a trading volume of 311,289 shares, compared to its average volume of 775,779. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. The company has a fifty day simple moving average of $116.53 and a two-hundred day simple moving average of $113.68. The company has a market capitalization of $18.45 billion, a PE ratio of 7.76, a P/E/G ratio of 2.48 and a beta of 0.65. Cincinnati Financial Co. has a 52 week low of $95.40 and a 52 week high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.03. The company had revenue of $2.94 billion during 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%. Cincinnati Financial’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Equities research analysts predict 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 Monday, July 15th. Investors of record on Tuesday, June 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.75%. Cincinnati Financial’s payout ratio is 21.56%.

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.