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

Cincinnati Financial Corporation (NASDAQ:CINF) Director Dirk Debbink bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the transaction, the director directly owned 62,059 shares of the company’s stock, valued at $10,651,806.76. This trade represents a 1.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $172.52 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Corporation has a fifty-two week low of $150.00 and a fifty-two week high of $194.81. The firm has a fifty day moving average price of $178.06 and a two-hundred day moving average price of $168.65. The company has a market cap of $26.48 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 3.61 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same quarter in the prior year, the business earned $1.97 earnings per share. Analysts expect that Cincinnati Financial Corporation will post 8.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is 17.74%.

Institutional Trading of Cincinnati Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in Cincinnati Financial by 20,126.7% during the second quarter. California State Teachers Retirement System now owns 41,788,505 shares of the insurance provider’s stock worth $7,736,724,000 after purchasing an additional 41,581,904 shares during the period. Bank of America Corp DE acquired a new stake in Cincinnati Financial during the second quarter valued at approximately $347,891,000. Norges Bank bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $270,892,000. GQG Partners LLC bought a new stake in shares of Cincinnati Financial in the 2nd quarter valued at approximately $216,679,000. Finally, Legal & General Group Plc acquired a new position in shares of Cincinnati Financial in the 2nd quarter worth approximately $200,331,000. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CINF shares. Keefe, Bruyette & Woods cut their price target on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Piper Sandler lifted their price objective on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings cut Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Friday, August 21st. Atlantic Securities set a $197.00 target price on Cincinnati Financial in a research note on Wednesday, July 15th. Finally, Roth Capital raised their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.40.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.