Cincinnati Financial Corporation (CINF) Director Buys $10,033.00 in Stock
Cincinnati Financial Corporation (NASDAQ:CINF) Director Dirk J. Debbink bought 127 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $79.00 per share, for a total transaction of $10,033.00. Following the completion of the acquisition, the director now owns 26,433 shares of the company’s stock, valued at $2,088,207. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded down 0.11% during mid-day trading on Tuesday, reaching $79.44. The company’s stock had a trading volume of 405,350 shares. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 22.76 and a beta of 0.89. Cincinnati Financial Corporation has a 1-year low of $68.11 and a 1-year high of $81.98. The company’s 50 day moving average price is $75.02 and its 200-day moving average price is $72.45.
Cincinnati Financial Corporation (NASDAQ:CINF) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.18. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Analysts predict that Cincinnati Financial Corporation will post $2.90 earnings per share for the current fiscal year.
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Several brokerages have commented on CINF. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $70.00 price objective on Cincinnati Financial Corporation and gave the company a “hold” rating in a report on Wednesday, May 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 price objective on shares of Cincinnati Financial Corporation in a report on Monday, May 22nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Cincinnati Financial Corporation has an average rating of “Hold” and an average target price of $78.75.
Several institutional investors have recently modified their holdings of CINF. Washington Trust Bank increased its position in shares of Cincinnati Financial Corporation by 4,967.4% in the first quarter. Washington Trust Bank now owns 4,814 shares of the insurance provider’s stock worth $348,000 after buying an additional 4,719 shares during the period. State of Alaska Department of Revenue purchased a new stake in Cincinnati Financial Corporation during the first quarter worth $642,000. Wesbanco Bank Inc. boosted its stake in Cincinnati Financial Corporation by 0.8% in the first quarter. Wesbanco Bank Inc. now owns 5,940 shares of the insurance provider’s stock worth $430,000 after buying an additional 50 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Cincinnati Financial Corporation by 12.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 75,485 shares of the insurance provider’s stock worth $5,456,000 after buying an additional 8,263 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Cincinnati Financial Corporation by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 185,479 shares of the insurance provider’s stock worth $14,050,000 after buying an additional 8,863 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.
About Cincinnati Financial Corporation
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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