Cincinnati Financial Co. (CINF) Director Douglas S. Skidmore Buys 650 Shares
Cincinnati Financial Co. (NASDAQ:CINF) Director Douglas S. Skidmore acquired 650 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $70.65 per share, for a total transaction of $45,922.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Cincinnati Financial Co. (NASDAQ CINF) traded down $0.34 during mid-day trading on Tuesday, reaching $73.97. The company’s stock had a trading volume of 509,338 shares, compared to its average volume of 661,638. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12,190.00, a price-to-earnings ratio of 11.74 and a beta of 0.87. Cincinnati Financial Co. has a 12 month low of $68.49 and a 12 month high of $81.98.
Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. equities research analysts predict that Cincinnati Financial Co. will post 3.42 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of CINF. Thrivent Financial For Lutherans increased its stake in shares of Cincinnati Financial by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,688 shares of the insurance provider’s stock worth $412,000 after acquiring an additional 190 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cincinnati Financial by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 804,060 shares of the insurance provider’s stock worth $58,255,000 after acquiring an additional 2,504 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Cincinnati Financial in the 2nd quarter worth $338,000. The Manufacturers Life Insurance Company increased its stake in shares of Cincinnati Financial by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 178,596 shares of the insurance provider’s stock worth $12,939,000 after acquiring an additional 19,003 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Cincinnati Financial by 7.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,885 shares of the insurance provider’s stock worth $2,093,000 after acquiring an additional 1,966 shares during the last quarter. 64.48% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on CINF. BidaskClub lowered Cincinnati Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 10th. Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “sell” rating in a report on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. Finally, Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $74.67.
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About Cincinnati Financial
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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