Insider Buying: Cincinnati Financial Co. (NASDAQ:CINF) Director Buys $113,470.00 in Stock

Cincinnati Financial Co. (NASDAQ:CINF) Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the acquisition, the director now owns 53,988 shares of the company’s stock, valued at $6,126,018.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $116.94 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $124.35. The stock has a fifty day moving average of $118.04 and a two-hundred day moving average of $109.47. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 2.50 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, analysts anticipate that Cincinnati Financial Co. will post 6.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Citigroup increased their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Piper Sandler reaffirmed a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $124.50.

Institutional Trading of Cincinnati Financial

A number of hedge funds have recently bought and sold shares of CINF. Csenge Advisory Group lifted its stake in shares of Cincinnati Financial by 2.6% during the 1st quarter. Csenge Advisory Group now owns 7,930 shares of the insurance provider’s stock worth $985,000 after purchasing an additional 204 shares during the period. Richardson Financial Services Inc. lifted its position in Cincinnati Financial by 7.4% during the first quarter. Richardson Financial Services Inc. now owns 2,131 shares of the insurance provider’s stock worth $265,000 after buying an additional 146 shares during the period. GSA Capital Partners LLP acquired a new stake in Cincinnati Financial in the 1st quarter worth about $498,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Cincinnati Financial by 109.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,677 shares of the insurance provider’s stock valued at $705,000 after buying an additional 2,967 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Cincinnati Financial during the 1st quarter valued at about $1,601,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

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