Banco Bilbao Vizcaya Argentaria S.A. Sells 771 Shares of Cincinnati Financial Corporation $CINF

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,154 shares of the insurance provider’s stock after selling 771 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Cincinnati Financial were worth $4,044,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new position in shares of Cincinnati Financial during the second quarter valued at $25,000. Meeder Asset Management Inc. purchased a new position in Cincinnati Financial in the 1st quarter worth about $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Cincinnati Financial during the 1st quarter valued at about $32,000. AlphaQuest LLC grew its stake in shares of Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Cincinnati Financial by 51.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 96 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CINF has been the topic of several research reports. Roth Capital restated a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $171.67.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were bought at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the purchase, the director owned 58,482 shares in the company, valued at approximately $9,005,058.36. The trade was a 1.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 1.3%

NASDAQ:CINF opened at $163.90 on Friday. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $168.20. The business has a fifty day moving average price of $157.82 and a 200-day moving average price of $152.07. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 4.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.Cincinnati Financial’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 earnings per share. Sell-side analysts forecast 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. Investors of record on Monday, September 22nd were paid a dividend of $0.87 per share. The ex-dividend date was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. Cincinnati Financial’s payout ratio is 25.89%.

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.