Cincinnati Financial (NASDAQ:CINF) Director Dirk J. Debbink purchased 278 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was acquired at an average price of $71.88 per share, for a total transaction of $19,982.64. Following the acquisition, the director now directly owns 28,486 shares of the company’s stock, valued at approximately $2,047,573.68. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
CINF stock opened at $71.11 on Wednesday. Cincinnati Financial has a twelve month low of $71.06 and a twelve month high of $71.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $11.58 billion, a PE ratio of 25.87 and a beta of 0.85.
Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Wednesday, April 25th. The insurance provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.08). Cincinnati Financial had a return on equity of 6.14% and a net margin of 14.96%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $0.59 EPS. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. analysts anticipate that Cincinnati Financial will post 2.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Wednesday, June 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, June 19th. Cincinnati Financial’s payout ratio is currently 77.37%.
Several hedge funds have recently added to or reduced their stakes in CINF. Avestar Capital LLC acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $103,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $139,000. Fiera Capital Corp acquired a new stake in shares of Cincinnati Financial during the first quarter worth approximately $200,000. Centiva Capital LP acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $201,000. Finally, GWM Advisors LLC acquired a new stake in shares of Cincinnati Financial during the first quarter worth approximately $217,000. 63.81% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on CINF shares. Zacks Investment Research lowered shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research report on Tuesday, January 16th. BidaskClub raised shares of Cincinnati Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Cincinnati Financial in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $74.67.
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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