1 week Ago By Defense World Staff
Cincinnati Financial Co. ( NASDAQ:CINF – Get Free Report )’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $136.
22 and traded as high as $144.18. Cincinnati Financial shares last traded at $143.
70, with a volume of 329,498 shares changing hands. Analyst Upgrades and Downgrades Several equities research analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.
00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Bank of America boosted their price objective on shares of Cincinnati Financial from $149.
00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $152.
00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock.
According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.
View Our Latest Stock Analysis on CINF Cincinnati Financial Price Performance Cincinnati Financial ( NASDAQ:CINF – Get Free Report ) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.
46 by ($0.04). The firm had revenue of $2.
20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.
25% and a net margin of 25.26%. The company’s revenue was up 21.
5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 EPS.
On average, equities analysts expect that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.
Cincinnati Financial Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be paid a dividend of $0.81 per share.
The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.
25%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.
Insider Buying and Selling In related news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $157.
19 per share, for a total transaction of $157,190.00. Following the purchase, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855.
This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
2.83% of the stock is currently owned by company insiders. Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of CINF.
Rothschild Investment LLC acquired a new position in Cincinnati Financial during the 2nd quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its stake in Cincinnati Financial by 98.1% during the 2nd quarter.
Farther Finance Advisors LLC now owns 2,866 shares of the insurance provider’s stock valued at $342,000 after purchasing an additional 1,419 shares in the last quarter. Natixis Advisors LLC increased its stake in Cincinnati Financial by 42.7% during the 2nd quarter.
Natixis Advisors LLC now owns 83,128 shares of the insurance provider’s stock valued at $9,817,000 after purchasing an additional 24,865 shares in the last quarter. TD Asset Management Inc increased its stake in Cincinnati Financial by 126.4% during the 2nd quarter.
TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock valued at $21,259,000 after purchasing an additional 100,487 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its stake in Cincinnati Financial by 6.2% during the 2nd quarter.
Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.
Cincinnati Financial Company Profile ( Get Free Report ) 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.
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