What Are The Chances Of Cincinnati Financial Corp. (NASDAQ: CINF) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, CINF falls under the Financial sector while operating within the Insurance – Property & Casualty industry segment. The current market capitalization of Cincinnati Financial Corp. is $19.01B. A total of 1.05 million shares were traded on the day, compared to an average of 659.65K shares.

In the most recent transaction, Osborn David P bought 2,000 shares of CINF for 111.64 per share on Apr 29 ’24. After the transaction, the Director now owns 33,919 company shares. In a previous transaction on Apr 29 ’24, Debbink Dirk J bought 1,000 shares at 113.47 per share. CINF shares that Director owns now total 53,988.

Among the insiders who bought shares, Debbink Dirk J acquired of 2,000 shares on Dec 05 ’23 at a per-share price of $102.98. This resulted in the Director holding 51,542 shares of CINF after the transaction. In another insider transaction, Debbink Dirk J bought 1,000 shares at $98.78 per share on Oct 30 ’23. Company shares held by the Director now total 49,542.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Cincinnati Financial Corp. pays an annual dividend of $3.12, resulting in a dividend yield of 2.57%, and it has a price to earnings (P/E) ratio of 8.08. CINF’s most recent ex-dividend date was 6/18/2024 when it declared a $0.81 quarterly dividend that was paid in cash on 7/15/2024. Previously, the company paid the dividend on 4/15/2024 with an ex-dividend date of 3/18/2024. The CINF stock dividend was $0.81 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CINF has a high of $124.35 and a low of $96.86.

As of this writing, CINF has an earnings estimate of $1.01 per share for the current quarter. EPS was calculated based on a consensus of 10.0 estimates, with a high estimate of $1.15 per share and a lower estimate of $0.88. The company reported an EPS of $1.21 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CINF’s latest balance sheet shows that the firm has $14.16B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $80.86, while its Total Shareholder’s Equity was $13.11B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CINF is Buy with a score of 4.00.

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