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

Cincinnati Financial Co. (NASDAQ:CINF) Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was acquired at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the purchase, the director now 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 SEC, which can be accessed through this hyperlink.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $117.30 on Thursday. The business has a fifty day moving average of $117.96 and a two-hundred day moving average of $109.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $18.36 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.63. Cincinnati Financial Co. has a one year low of $95.01 and a one year high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue was up 31.0% on a year-over-year basis. As a group, analysts predict that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. boosted its position in Cincinnati Financial by 252.2% during the fourth quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 174 shares in the last quarter. Criterion Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth $27,000. BKM Wealth Management LLC purchased a new stake in shares of Cincinnati Financial in the 4th quarter worth about $31,000. Raleigh Capital Management Inc. acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $31,000. Finally, NBC Securities Inc. purchased a new position in Cincinnati Financial during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.