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

Cincinnati Financial Corporation (NASDAQ:CINF) Director Dirk Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was bought at an average cost of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Cincinnati Financial Trading Up 0.1%

NASDAQ:CINF opened at $154.59 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. The company has a market cap of $24.12 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 4.27 and a beta of 0.72. The company has a 50 day simple moving average of $156.03 and a two-hundred day simple moving average of $149.92.

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

Cincinnati Financial Dividend Announcement

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

Institutional Investors Weigh In On Cincinnati Financial

A number of hedge funds have recently modified their holdings of the business. Natural Investments LLC lifted its stake in shares of Cincinnati Financial by 2.1% during the 3rd quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock valued at $540,000 after buying an additional 70 shares in the last quarter. ORG Partners LLC lifted its stake in shares of Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after buying an additional 72 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after buying an additional 76 shares in the last quarter. HUB Investment Partners LLC lifted its stake in shares of Cincinnati Financial by 3.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock valued at $303,000 after buying an additional 77 shares in the last quarter. Finally, Forum Financial Management LP lifted its stake in shares of Cincinnati Financial by 2.1% during the 2nd quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock valued at $588,000 after buying an additional 80 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

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

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.