Cincinnati Financial (CINF) Sets New 12-Month Low at $66.91

Cincinnati Financial Co. (NASDAQ:CINF) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $66.91 and last traded at $67.02, with a volume of 8060 shares. The stock had previously closed at $67.15.

Several research analysts have issued reports on the company. BidaskClub cut Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Thursday, June 7th. Zacks Investment Research cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Cincinnati Financial has a consensus rating of “Hold” and a consensus price target of $76.00.

The stock has a market capitalization of $11.20 billion, a PE ratio of 24.32 and a beta of 0.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.11.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Wednesday, April 25th. The insurance provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.08). Cincinnati Financial had a net margin of 14.96% and a return on equity of 6.14%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business earned $0.59 EPS. The company’s quarterly revenue was down 19.6% compared to the same quarter last year. analysts expect that Cincinnati Financial Co. will post 2.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Wednesday, June 20th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, June 19th. Cincinnati Financial’s dividend payout ratio is currently 77.37%.

In other news, Director David P. Osborn purchased 370 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was acquired at an average price of $70.16 per share, for a total transaction of $25,959.20. Following the completion of the transaction, the director now directly owns 23,591 shares in the company, valued at approximately $1,655,144.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.07% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Avestar Capital LLC purchased a new stake in Cincinnati Financial during the 4th quarter worth about $103,000. Fiera Capital Corp purchased a new stake in Cincinnati Financial during the 1st quarter worth about $200,000. GWM Advisors LLC purchased a new stake in Cincinnati Financial during the 1st quarter worth about $217,000. First Commonwealth Financial Corp PA purchased a new stake in Cincinnati Financial during the 1st quarter worth about $223,000. Finally, Virtu Financial LLC purchased a new stake in Cincinnati Financial during the 4th quarter worth about $235,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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