Stock in Wall Street Spotlight: Cincinnati Financial Corporation (NASDAQ:CINF)

Earnings News

Cincinnati Financial Corporation (NASDAQ:CINF) reported change of 1.01% to $80.25 with the recent traded volume of 2323327 shares in most recent trading session compared to an average volume of 554.42K. The stock was changed with -1.32% over last five days period.

The one month performance of stock was noted at 6.04%. CINF’s shares are moving at 5.40% for the quarter and managed a 9.78% return over the course of the past year and is now at 7.04% since this point in 2018.

Cincinnati Financial Corporation (NASDAQ:CINF) announced that, at today’s regular meeting, the board of directors declared a 53-cents-per-share regular quarterly cash dividend. The dividend is payable January 15, 2019, to shareholders of record as of December 19, 2018.

Steven J. Johnston, president and chief executive officer, said: “The dividend just declared matches the one paid in October, which marked 58 consecutive years of increasing our annual cash dividend.

“Regular dividends are the company’s primary method of returning capital to shareholders. Management and the board of directors remain confident that continuing to execute our strategic and operational plans, combined with strong capital, will lead to the profitable growth of our insurance business. That growth should provide ample support for future dividends, benefiting shareholders over the long term.”

The stock beta value is 0.7. CINF stock changed at 8.70% distance from its 200-day moving average. On a similar note, the stock marked distance of 4.17% from its 50-day moving average and moved 3.03% away from its 20-day moving average. The average volatility for the week and month was at 2.50% and 2.51% respectively. Its quarter to quarter sales remained 35.60% and sales observed at 6.90% over past 5 years. The company holds 162.74 million shares outstanding and 151.81 million shares are floated in market.

Roland Landry also covers the financial news across all market sectors. He also has an enormous knowledge of stock market. Roland holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. Roland currently covers financial news section for our site.

 

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