Cincinnati Financial Corporation (NASDAQ:CINF) Declares Quarterly Dividend of $0.87

Cincinnati Financial Corporation (NASDAQ:CINF) declared a quarterly dividend on Friday, November 14th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.87 per share by the insurance provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd.

Cincinnati Financial has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 65 years. Cincinnati Financial has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cincinnati Financial to earn $7.92 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 43.9%.

Cincinnati Financial Stock Performance

CINF stock opened at $167.29 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $26.10 billion, a PE ratio of 12.45, a P/E/G ratio of 4.40 and a beta of 0.69. The business has a 50 day moving average of $161.55 and a 200-day moving average of $155.14. Cincinnati Financial has a 12-month low of $123.01 and a 12-month high of $169.86.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.84. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. As a group, sell-side analysts expect that Cincinnati Financial will post 5.36 earnings per share for the current year.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were acquired at an average cost of $153.98 per share, with a total value of $153,980.00. Following the completion of the acquisition, the director directly owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.83% of the stock is currently owned by company insiders.

Institutional Trading of Cincinnati Financial

Several hedge funds and other institutional investors have recently modified their holdings of CINF. Quintet Private Bank Europe S.A. purchased a new stake in shares of Cincinnati Financial during the 2nd quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at $29,000. Redmont Wealth Advisors LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Cincinnati Financial during the first quarter worth $32,000. Finally, AlphaQuest LLC boosted its holdings in shares of Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares during the period. Institutional investors own 65.24% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.