Cincinnati Financial Co. (NASDAQ:CINF) Director Dirk J. Debbink Buys 1,000 Shares

Cincinnati Financial Co. (NASDAQ:CINF) Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $113.47 per share, with a total value of $113,470.00. Following the completion of the transaction, the director now directly owns 53,988 shares of the company’s stock, valued at approximately $6,126,018.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cincinnati Financial Trading Down 1.0 %

Shares of CINF stock opened at $116.16 on Friday. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 2.47 and a beta of 0.63. The stock has a 50-day moving average of $118.04 and a 200-day moving average of $109.47. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The business’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, equities research analysts forecast that Cincinnati Financial Co. will post 6.36 earnings per share for the current year.

Institutional Investors Weigh In On Cincinnati Financial

Several large investors have recently added to or reduced their stakes in CINF. Exchange Traded Concepts LLC acquired a new stake in Cincinnati Financial during the third quarter worth approximately $51,000. Linden Thomas Advisory Services LLC acquired a new stake in Cincinnati Financial during the third quarter worth approximately $590,000. Commonwealth Equity Services LLC grew its stake in Cincinnati Financial by 15.2% during the third quarter. Commonwealth Equity Services LLC now owns 69,504 shares of the insurance provider’s stock worth $7,110,000 after purchasing an additional 9,153 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Cincinnati Financial by 5.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 51,786 shares of the insurance provider’s stock worth $5,297,000 after purchasing an additional 2,800 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Cincinnati Financial by 1.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 88,548 shares of the insurance provider’s stock worth $9,058,000 after purchasing an additional 1,391 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CINF. Piper Sandler reiterated a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st. Citigroup increased their target price on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their target price for the company from $125.00 to $135.00 in a research report on Monday, March 25th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Cincinnati Financial currently has an average rating of “Hold” and an average price target of $124.50.

About Cincinnati Financial

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.