BKM Wealth Management LLC Invests $294,000 in Cincinnati Financial Co. (NASDAQ:CINF)

BKM Wealth Management LLC acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,048 shares of the insurance provider’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CINF. Brown Brothers Harriman & Co. boosted its holdings in shares of Cincinnati Financial by 2.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after buying an additional 68 shares during the period. Simon Quick Advisors LLC boosted its holdings in shares of Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after acquiring an additional 74 shares during the period. Wealth Dimensions Group Ltd. boosted its holdings in shares of Cincinnati Financial by 0.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after acquiring an additional 75 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after acquiring an additional 78 shares during the period. Finally, Hartford Investment Management Co. boosted its holdings in shares of Cincinnati Financial by 0.8% during the third quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock worth $1,384,000 after acquiring an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.83% of the stock is currently owned by company insiders.

Cincinnati Financial Stock Performance

CINF opened at $136.97 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.74. The firm has a market cap of $21.41 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The business’s fifty day moving average is $141.69 and its 200-day moving average is $140.61.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Sell-side analysts expect that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler boosted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. 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 research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.00.

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.