Cincinnati Financial Co. (NASDAQ:CINF) Director Douglas S. Skidmore acquired 650 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $70.65 per share, for a total transaction of $45,922.50. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Cincinnati Financial Co. (CINF) traded down $0.34 on Tuesday, hitting $73.97. 509,338 shares of the stock were exchanged, compared to its average volume of 661,638. The stock has a market capitalization of $12,190.00, a price-to-earnings ratio of 11.74 and a beta of 0.87. Cincinnati Financial Co. has a 1 year low of $68.49 and a 1 year high of $81.98. 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 (NASDAQ:CINF) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ 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%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. equities analysts forecast that Cincinnati Financial Co. will post 3.42 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of CINF. Canada Pension Plan Investment Board lifted its stake in Cincinnati Financial by 12,727.3% in the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Cincinnati Financial in the fourth quarter worth about $139,000. WFG Advisors LP lifted its stake in Cincinnati Financial by 39.4% in the second quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 718 shares during the period. Centiva Capital LP purchased a new stake in Cincinnati Financial in the fourth quarter worth about $201,000. Finally, Csenge Advisory Group purchased a new stake in Cincinnati Financial in the third quarter worth about $206,000. 64.48% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on CINF. Royal Bank of Canada reiterated a “hold” rating on shares of Cincinnati Financial in a research report on Thursday, February 8th. BidaskClub upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Langen Mcalenn reiterated a “neutral” rating on shares of Cincinnati Financial in a research report on Tuesday, January 16th. Finally, Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating, Cincinnati Financial currently has a consensus rating of “Hold” and a consensus target price of $74.67.
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Cincinnati Financial Company Profile
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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