Cincinnati Financial Co. (NASDAQ:CINF – Get Free Report) Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of $113.47 per share, with a total value of $113,470.00. Following the completion of the transaction, the director now directly owns 53,988 shares in the company, valued at $6,126,018.36. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Cincinnati Financial Stock Performance
Shares of CINF stock opened at $117.30 on Thursday. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07. The stock has a market cap of $18.36 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.63. The business has a 50-day simple moving average of $117.96 and a 200-day simple moving average of $109.42.
Cincinnati Financial (NASDAQ:CINF – Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.03. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. Cincinnati Financial’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. On average, equities analysts expect that Cincinnati Financial Co. will post 6.33 EPS for the current year.
Institutional Trading of Cincinnati Financial
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CINF shares. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Citigroup increased their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Piper Sandler reaffirmed a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Finally, BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial presently has an average rating of “Hold” and a consensus target price of $124.50.
Check Out Our Latest Report on CINF
About Cincinnati Financial
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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