Cincinnati Financial Director David P. Osborn Buys 5,000 Shares (CINF)
Cincinnati Financial (NASDAQ:CINF) Director David P. Osborn acquired 5,000 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were purchased at an average cost of $48.42 per share, with a total value of $242,100.00. Following the acquisition, the director now directly owns 10,636 shares of the company’s stock, valued at approximately $514,995. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CINF shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Cincinnati Financial in a research note on Tuesday. They now have a $44.00 price target on the stock, down previously from $45.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cincinnati Financial in a research note on Friday, April 25th. They now have a $52.00 price target on the stock. Finally, analysts at Guggenheim initiated coverage on shares of Cincinnati Financial in a research note on Thursday, March 27th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating, Cincinnati Financial presently has an average rating of “Hold” and an average target price of $49.20.
Cincinnati Financial (NASDAQ:CINF) traded up 0.17% during mid-day trading on Wednesday, hitting $48.42. The stock had a trading volume of 208,524 shares. Cincinnati Financial has a 52-week low of $43.62 and a 52-week high of $53.74. The stock’s 50-day moving average is $47.99 and its 200-day moving average is $49.35. The company has a market cap of $7.918 billion and a P/E ratio of 17.69.
Cincinnati Financial (NASDAQ:CINF) last released its earnings data on Thursday, April 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.09. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Cincinnati Financial will post $2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Monday, June 16th.
Cincinnati Financial Corporation is engaged in property casualty insurance marketed through independent insurance agents in 39 states.
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