Insider Buying: Cincinnati Financial Co. (CINF) Director Acquires $45,922.50 in Stock

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.

WARNING: “Insider Buying: Cincinnati Financial Co. (CINF) Director Acquires $45,922.50 in Stock” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2018/02/16/insider-buying-cincinnati-financial-co-cinf-director-acquires-45922-50-in-stock.html.

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.

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply