Cincinnati Financial Co. (NASDAQ:CINF) SVP Teresa C. Cracas sold 100,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $82.79, for a total transaction of $8,279,000.00. Following the sale, the senior vice president now directly owns 29,505 shares of the company’s stock, valued at $2,442,718.95. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Cincinnati Financial stock opened at $77.93 on Friday. The firm has a market cap of $12.84 billion, a P/E ratio of 22.23 and a beta of 0.51. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a 12 month low of $46.07 and a 12 month high of $118.19. The stock’s fifty day moving average price is $69.38 and its 200-day moving average price is $80.78.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, July 27th. The insurance provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $1.65 billion. Cincinnati Financial had a return on equity of 6.46% and a net margin of 25.20%. The business’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. Analysts forecast that Cincinnati Financial Co. will post 3.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.08%. Cincinnati Financial’s dividend payout ratio is currently 57.14%.

Several institutional investors have recently made changes to their positions in CINF. Norges Bank purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at $157,232,000. Donaldson Capital Management LLC grew its stake in Cincinnati Financial by 14,972.3% in the second quarter. Donaldson Capital Management LLC now owns 478,244 shares of the insurance provider’s stock valued at $30,622,000 after purchasing an additional 475,071 shares during the last quarter. First Trust Advisors LP grew its stake in Cincinnati Financial by 70.9% in the second quarter. First Trust Advisors LP now owns 1,055,776 shares of the insurance provider’s stock valued at $67,601,000 after purchasing an additional 437,938 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Cincinnati Financial by 21.3% in the first quarter. JPMorgan Chase & Co. now owns 2,216,482 shares of the insurance provider’s stock valued at $167,234,000 after purchasing an additional 389,084 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Cincinnati Financial by 31.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,569,857 shares of the insurance provider’s stock valued at $100,518,000 after purchasing an additional 375,469 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

A number of research analysts recently weighed in on CINF shares. Deutsche Bank raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a report on Tuesday, June 16th. MKM Partners cut their target price on shares of Cincinnati Financial from $135.00 to $100.00 in a report on Tuesday, April 28th. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $81.00 to $72.00 and set a “market perform” rating for the company in a research report on Thursday, April 30th. Credit Suisse Group downgraded Cincinnati Financial from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $68.00 to $54.00 in a research report on Wednesday, May 6th. Finally, Zacks Investment Research downgraded Cincinnati Financial from a “hold” rating to a “sell” rating and set a $56.00 target price for the company. in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.13.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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