Insider Buying: Cincinnati Financial Co. (CINF) Director Acquires 650 Shares of Stock

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.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be paid a dividend of $0.53 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, March 20th. Cincinnati Financial’s payout ratio is currently 31.75%.

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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