Cincinnati Financial Corporation (CINF) To Go Ex-Dividend on December 22nd

by · The Markets Daily

Cincinnati Financial Corporation (NASDAQ:CINF – Get Free Report) announced 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 increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 65 consecutive years. Cincinnati Financial has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NASDAQ CINF opened at $167.29 on Friday. The firm has a market capitalization of $26.10 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 4.40 and a beta of 0.69. Cincinnati Financial has a fifty-two week low of $123.01 and a fifty-two week high of $169.86. The stock’s 50-day simple moving average is $161.55 and its 200-day simple moving average is $155.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF – Get Free Report) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company posted $1.42 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was acquired at an average cost of $153.98 per share, with a total value of $153,980.00. Following the completion of the purchase, the director directly owned 58,482 shares in the company, valued at approximately $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 SEC, which is available through this link. Company insiders own 2.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Cincinnati Financial in the 2nd quarter worth approximately $25,000. LRI Investments LLC acquired a new position in Cincinnati Financial during the 3rd quarter worth about $29,000. Redmont Wealth Advisors LLC acquired a new position in Cincinnati Financial during the 3rd quarter worth $30,000. Quent Capital LLC bought a new position in Cincinnati Financial in the third quarter valued at about $34,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

About Cincinnati Financial

(Get Free Report)

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.

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