Cincinnati Financial Co. (CINF) Director Acquires $30,003.48 in Stock

Cincinnati Financial Co. (NASDAQ:CINF) Director Dirk J. Debbink bought 351 shares of the company’s stock in a transaction on Friday, February 15th. The stock was bought at an average price of $85.48 per share, for a total transaction of $30,003.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of CINF stock traded up $0.34 during trading on Wednesday, reaching $85.95. 529,344 shares of the company’s stock traded hands, compared to its average volume of 748,481. The stock has a market capitalization of $13.97 billion, a P/E ratio of 25.66 and a beta of 0.62. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.11. Cincinnati Financial Co. has a 1 year low of $66.33 and a 1 year high of $85.99.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Wednesday, February 6th. The insurance provider reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.14. The company had revenue of $710.00 million for the quarter, compared to analysts’ expectations of $1.47 billion. Cincinnati Financial had a net margin of 5.31% and a return on equity of 6.86%. Cincinnati Financial’s revenue was down 49.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, equities analysts predict that Cincinnati Financial Co. will post 3.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, March 20th will be paid a dividend of $0.56 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, March 19th. Cincinnati Financial’s dividend payout ratio is presently 63.28%.

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Cincinnati Financial by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,301,839 shares of the insurance provider’s stock worth $87,041,000 after purchasing an additional 19,935 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Cincinnati Financial in the 3rd quarter worth approximately $2,476,000. Strs Ohio lifted its stake in Cincinnati Financial by 41.5% in the 3rd quarter. Strs Ohio now owns 26,557 shares of the insurance provider’s stock worth $2,039,000 after purchasing an additional 7,793 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Cincinnati Financial by 14.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 8,640 shares of the insurance provider’s stock worth $664,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Cincinnati Financial in the 3rd quarter worth approximately $216,000. Institutional investors own 62.29% of the company’s stock.

A number of brokerages recently commented on CINF. Buckingham Research began coverage on shares of Cincinnati Financial in a research note on Friday, December 14th. They set a “neutral” rating and a $80.00 price target on the stock. BidaskClub cut shares of Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $82.33.

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About Cincinnati Financial

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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