Cypress Capital LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,635 shares of the insurance provider’s stock, valued at approximately $222,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of CINF. Covestor Ltd purchased a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $26,000. Hardy Reed LLC acquired a new position in shares of Cincinnati Financial in the 1st quarter valued at $43,000. CWM LLC purchased a new stake in Cincinnati Financial in the 4th quarter valued at about $46,000. Steward Partners Investment Advisory LLC boosted its stake in Cincinnati Financial by 327.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 474 shares of the insurance provider’s stock worth $54,000 after buying an additional 363 shares during the period. Finally, Column Capital Advisors LLC purchased a new position in Cincinnati Financial during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 66.34% of the company’s stock.
Insiders Place Their Bets
In other news, Director Thomas J. Aaron acquired 1,030 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of $96.33 per share, for a total transaction of $99,219.90. Following the transaction, the director now directly owns 5,740 shares in the company, valued at approximately $552,934.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cincinnati Financial news, Director Dirk J. Debbink acquired 510 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average cost of $96.66 per share, for a total transaction of $49,296.60. Following the transaction, the director now directly owns 44,243 shares of the company’s stock, valued at $4,276,528.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Aaron bought 1,030 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average cost of $96.33 per share, with a total value of $99,219.90. Following the purchase, the director now directly owns 5,740 shares in the company, valued at approximately $552,934.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,950 shares of company stock valued at $197,991. 2.95% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Cincinnati Financial Trading Up 1.8 %
NASDAQ CINF opened at $97.26 on Friday. The firm has a 50 day simple moving average of $114.89 and a 200-day simple moving average of $122.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.30 and a current ratio of 0.30. Cincinnati Financial Co. has a one year low of $93.41 and a one year high of $143.22. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 30.21 and a beta of 0.54.
Cincinnati Financial (NASDAQ:CINF – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The insurance provider reported $0.65 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.40). Cincinnati Financial had a net margin of 7.59% and a return on equity of 7.45%. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $1.79 EPS. The company’s revenue for the quarter was down 64.3% compared to the same quarter last year. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.3 EPS for the current fiscal year.
Cincinnati Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, June 17th were paid a $0.69 dividend. The ex-dividend date was Thursday, June 16th. This represents a $2.76 dividend on an annualized basis and a yield of 2.84%. Cincinnati Financial’s dividend payout ratio is currently 85.71%.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.
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