Cincinnati Financial Corporation (CINF) to Issue Quarterly Dividend of $0.94 on October 15th

Cincinnati Financial Corporation (NASDAQ:CINF) declared a quarterly dividend on Friday, August 21st. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.94 per share by the insurance provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, September 23rd.

Cincinnati Financial has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 65 consecutive years. Cincinnati Financial has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cincinnati Financial to earn $8.94 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 42.1%.

Cincinnati Financial Stock Down 1.2%

Cincinnati Financial stock opened at $167.80 on Monday. The business has a fifty day moving average of $174.37 and a two-hundred day moving average of $169.41. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The firm has a market cap of $25.75 billion, a P/E ratio of 7.92, a P/E/G ratio of 3.54 and a beta of 0.53. Cincinnati Financial has a twelve month low of $150.00 and a twelve month high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same quarter in the prior year, the business posted $1.97 earnings per share. On average, analysts forecast that Cincinnati Financial will post 8.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Dirk Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the transaction, the director owned 62,059 shares in the company, valued at $10,651,806.76. The trade was a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cincinnati Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CINF. BIP Wealth LLC lifted its holdings in Cincinnati Financial by 1.6% during the second quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock valued at $720,000 after purchasing an additional 63 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Cincinnati Financial by 2.1% during the second quarter. Concurrent Investment Advisors LLC now owns 3,118 shares of the insurance provider’s stock worth $577,000 after purchasing an additional 64 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Cincinnati Financial by 0.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock worth $2,616,000 after purchasing an additional 68 shares during the last quarter. McAdam LLC raised its position in shares of Cincinnati Financial by 2.6% during the 2nd quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock worth $512,000 after purchasing an additional 70 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its stake in Cincinnati Financial by 3.5% in the 4th quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock valued at $374,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

Its principal business is property and casualty insurance, including commercial coverage for businesses, workers’ compensation, commercial auto, homeowners insurance, personal auto insurance and other personal lines. The company also offers excess and surplus lines coverage for specialized or higher-risk exposures.