Cincinnati Financial Co. (NASDAQ:CINF) Short Interest Down 5.0% in January

Cincinnati Financial Co. (NASDAQ:CINF) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,070,000 shares, a drop of 5.0% from the January 15th total of 2,180,000 shares. Based on an average daily trading volume, of 642,400 shares, the short-interest ratio is presently 3.2 days. Currently, 1.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Institutional Investors Weigh In On Cincinnati Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at about $28,000. Y.D. More Investments Ltd grew its holdings in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Cincinnati Financial during the third quarter worth about $42,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $136.43 on Thursday. Cincinnati Financial has a fifty-two week low of $109.93 and a fifty-two week high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm has a market capitalization of $21.33 billion, a P/E ratio of 9.40, a P/E/G ratio of 8.38 and a beta of 0.71. The company’s 50 day moving average price is $141.09 and its two-hundred day moving average price is $140.71.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, equities analysts forecast that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.87 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is 22.31%.

Cincinnati Financial Company Profile

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.