Cincinnati Financial Co. (NASDAQ:CINF) Director Douglas S. Skidmore purchased 650 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $70.65 per share, with a total value of $45,922.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Cincinnati Financial Co. (NASDAQ CINF) opened at $76.19 on Friday. The company has a market cap of $12,385.92, a P/E ratio of 12.09 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.28 and a quick ratio of 0.29. Cincinnati Financial Co. has a 1 year low of $68.49 and a 1 year high of $81.98.
Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. Cincinnati Financial’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. research analysts anticipate that Cincinnati Financial Co. will post 3.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be given a $0.53 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, March 20th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 31.75%.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Cincinnati Financial by 0.5% in the 4th quarter. BlackRock Inc. now owns 13,354,092 shares of the insurance provider’s stock worth $1,001,157,000 after buying an additional 65,896 shares during the period. Truepoint Inc. increased its holdings in Cincinnati Financial by 7,395.5% in the 3rd quarter. Truepoint Inc. now owns 1,954,901 shares of the insurance provider’s stock worth $1,955,000 after buying an additional 1,928,820 shares during the period. Geode Capital Management LLC increased its holdings in Cincinnati Financial by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,719,014 shares of the insurance provider’s stock worth $128,622,000 after buying an additional 46,011 shares during the period. Bank of New York Mellon Corp increased its holdings in Cincinnati Financial by 12.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,321,179 shares of the insurance provider’s stock worth $99,048,000 after buying an additional 144,745 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Cincinnati Financial by 0.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 934,886 shares of the insurance provider’s stock worth $70,127,000 after buying an additional 2,898 shares during the period. 64.48% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on CINF. BidaskClub raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Cincinnati Financial in a research report on Thursday, February 8th. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, Cincinnati Financial currently has a consensus rating of “Hold” and an average target price of $74.67.
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About Cincinnati Financial
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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