Cincinnati Financial (NASDAQ:CINF) Director Dirk Debbink Purchases 1,000 Shares

Cincinnati Financial Corporation (NASDAQ:CINF) Director Dirk Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, October 28th. The shares were acquired at an average cost of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director directly owned 58,482 shares in the company, valued at approximately $9,005,058.36. The trade was a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $154.36 on Friday. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90. The firm has a market capitalization of $24.08 billion, a P/E ratio of 11.49, a PEG ratio of 4.27 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $156.05 and a 200-day moving average price of $149.77.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Roth Capital reissued a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $167.67.

Institutional Investors Weigh In On Cincinnati Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Cincinnati Financial by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,572,511 shares of the insurance provider’s stock valued at $2,914,738,000 after buying an additional 317,033 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cincinnati Financial by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,470,538 shares of the insurance provider’s stock valued at $963,594,000 after buying an additional 106,266 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Cincinnati Financial by 4.2% in the second quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider’s stock worth $299,553,000 after buying an additional 80,487 shares in the last quarter. Invesco Ltd. lifted its position in shares of Cincinnati Financial by 2.2% in the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider’s stock worth $273,062,000 after buying an additional 40,222 shares in the last quarter. Finally, GQG Partners LLC purchased a new stake in shares of Cincinnati Financial in the first quarter worth about $270,005,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It 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.