Insider Buying: Cincinnati Financial Co. (NASDAQ:CINF) Director Buys 410 Shares of Stock

Cincinnati Financial Co. (NASDAQ:CINFGet Rating) Director Dirk J. Debbink purchased 410 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were purchased at an average cost of $120.67 per share, for a total transaction of $49,474.70. Following the completion of the transaction, the director now directly owns 43,507 shares of the company’s stock, valued at $5,249,989.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ CINF traded down $1.08 during midday trading on Tuesday, hitting $124.26. The company’s stock had a trading volume of 14,836 shares, compared to its average volume of 701,337. The stock has a fifty day moving average price of $131.91 and a 200 day moving average price of $123.49. Cincinnati Financial Co. has a one year low of $108.88 and a one year high of $143.22. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 9.96 and a beta of 0.67.

Cincinnati Financial (NASDAQ:CINFGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.10. Cincinnati Financial had a net margin of 23.82% and a return on equity of 8.79%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down 45.4% compared to the same quarter last year. On average, equities research analysts predict that Cincinnati Financial Co. will post 5.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, June 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, June 16th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.92%.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Cincinnati Financial from a “strong-buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Tuesday, April 19th. StockNews.com assumed coverage on shares of Cincinnati Financial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.75.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd purchased a new position in Cincinnati Financial during the fourth quarter valued at approximately $26,000. Wagner Wealth Management LLC grew its stake in Cincinnati Financial by 43.8% during the third quarter. Wagner Wealth Management LLC now owns 279 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 85 shares in the last quarter. Hardy Reed LLC purchased a new position in Cincinnati Financial during the first quarter valued at approximately $43,000. Eagle Bay Advisors LLC grew its stake in Cincinnati Financial by 32.9% during the third quarter. Eagle Bay Advisors LLC now owns 396 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 98 shares in the last quarter. Finally, CWM LLC purchased a new position in Cincinnati Financial during the fourth quarter valued at approximately $46,000. 66.34% of the stock is currently owned by institutional investors.

About Cincinnati Financial (Get Rating)

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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