BKM Wealth Management LLC Decreases Holdings in Cincinnati Financial Corporation $CINF

BKM Wealth Management LLC trimmed its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 12.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,800 shares of the insurance provider’s stock after selling 248 shares during the period. BKM Wealth Management LLC’s holdings in Cincinnati Financial were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CINF. GQG Partners LLC purchased a new stake in Cincinnati Financial during the 1st quarter worth about $270,005,000. Raymond James Financial Inc. lifted its holdings in shares of Cincinnati Financial by 558.8% in the 1st quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock valued at $79,909,000 after purchasing an additional 458,841 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cincinnati Financial by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock valued at $940,130,000 after purchasing an additional 358,018 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Cincinnati Financial in the 1st quarter valued at about $47,070,000. Finally, Woodline Partners LP lifted its holdings in shares of Cincinnati Financial by 3,392.1% in the 1st quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider’s stock valued at $48,423,000 after purchasing an additional 318,413 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 1.1%

CINF opened at $153.02 on Friday. The business has a 50 day moving average price of $155.54 and a two-hundred day moving average price of $148.35. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $23.93 billion, a PE ratio of 13.27, a P/E/G ratio of 7.16 and a beta of 0.72. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.39 by $0.58. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 EPS. As a group, research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio is currently 30.18%.

Analyst Upgrades and Downgrades

CINF has been the subject of several research reports. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Roth Capital boosted their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average price target of $157.25.

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.