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

Cincinnati Financial Co. (NASDAQ:CINFGet Rating) Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 6th. The stock was purchased at an average price of $106.13 per share, with a total value of $106,130.00. Following the transaction, the director now owns 45,502 shares in the company, valued at approximately $4,829,127.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $106.21 on Friday. Cincinnati Financial Co. has a twelve month low of $88.66 and a twelve month high of $143.22. The company has a 50 day moving average of $102.52 and a 200-day moving average of $106.69. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.09.

Cincinnati Financial (NASDAQ:CINFGet Rating) last released its earnings results on Monday, October 31st. The insurance provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.67 by $0.06. Cincinnati Financial had a negative net margin of 0.43% and a positive return on equity of 7.00%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the business earned $1.28 earnings per share. The business’s quarterly revenue was down 21.1% on a year-over-year basis. On average, research analysts expect that Cincinnati Financial Co. will post 4.21 earnings per share for the current year.

Cincinnati Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 16th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, December 15th. Cincinnati Financial’s dividend payout ratio is presently -766.67%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com cut shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Raymond James assumed coverage on shares of Cincinnati Financial in a research report on Friday, September 23rd. They issued a “market perform” rating for the company. MKM Partners upped their target price on shares of Cincinnati Financial from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Bank of America assumed coverage on shares of Cincinnati Financial in a research note on Tuesday, September 27th. They issued a “neutral” rating and a $92.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has an average rating of “Hold” and a consensus target price of $117.33.

Institutional Trading of Cincinnati Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in CINF. Larson Financial Group LLC purchased a new stake in shares of Cincinnati Financial in the 2nd quarter valued at approximately $30,000. Wagner Wealth Management LLC purchased a new stake in shares of Cincinnati Financial in the 2nd quarter valued at approximately $33,000. Ronald Blue Trust Inc. acquired a new position in Cincinnati Financial in the 2nd quarter valued at approximately $41,000. Clear Street Markets LLC increased its stake in Cincinnati Financial by 409.8% in the 2nd quarter. Clear Street Markets LLC now owns 311 shares of the insurance provider’s stock valued at $37,000 after buying an additional 250 shares during the period. Finally, Janiczek Wealth Management LLC increased its stake in Cincinnati Financial by 1,252.2% in the 2nd quarter. Janiczek Wealth Management LLC now owns 311 shares of the insurance provider’s stock valued at $30,000 after buying an additional 288 shares during the period. 64.52% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Company Profile

(Get Rating)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.

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