Cincinnati Financial Corporation (NASDAQ:CINF) to Issue $0.87 Quarterly Dividend

Cincinnati Financial Corporation (NASDAQ:CINF) announced a quarterly dividend on Friday, November 14th. Investors 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) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd.

Cincinnati Financial has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 65 years. Cincinnati Financial has a payout ratio of 42.5% indicating that 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 Trading Down 0.4%

Shares of NASDAQ:CINF opened at $167.29 on Friday. The business’s 50 day simple moving average is $161.55 and its 200 day simple moving average is $155.14. Cincinnati Financial has a 1 year low of $123.01 and a 1 year high of $169.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $26.10 billion, a P/E ratio of 12.45, a P/E/G ratio of 4.40 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. The firm had revenue of $3.73 billion during 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 company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 EPS. On average, research analysts anticipate that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average cost of $153.98 per share, with a total value of $153,980.00. Following the acquisition, the director owned 58,482 shares of the company’s stock, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.83% of the company’s stock.

Institutional Trading of Cincinnati Financial

A number of hedge funds have recently added to or reduced their stakes in CINF. Ashton Thomas Securities LLC bought a new stake in Cincinnati Financial during the 1st quarter worth approximately $337,000. FJ Capital Management LLC boosted its position in shares of Cincinnati Financial by 97.5% during the first quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider’s stock valued at $4,327,000 after buying an additional 14,464 shares during the last quarter. American National Bank & Trust bought a new stake in Cincinnati Financial during the second quarter worth $506,000. DekaBank Deutsche Girozentrale raised its position in Cincinnati Financial by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 25,728 shares of the insurance provider’s stock valued at $3,772,000 after buying an additional 210 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Cincinnati Financial by 37.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 242,604 shares of the insurance provider’s stock valued at $36,129,000 after acquiring an additional 66,005 shares in the last quarter. Institutional investors and hedge funds 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.