Strong Insider Activity at Cincinnati Financial Corporation (CINF): Three Insiders Bought Shares

Since the start of February, three insiders at Cincinnati Financial Corporation (NASDAQ:CINF) acquired shares of the company. Two of them paid the full price per share, whilst the other one used the Employee Stock Options (Right to Buy), in order to get the securities at a discount price. In this way, Timothy Timmel, Sr. Vice President at a Subsidiary of Cincinnati Financial Corporation (NASDAQ:CINF), on Feb. 3rd, purchased 13,535 shares of the company, 8,000 of them for $26.59 each, and 5,535, for $26.58 per share. Following these transactions, Mr. Timmel holds more than 142,000 shares, all of them indirectly.*

Cincinnati Financial Corporation (CINF)

A few days later, on Feb. 7th, David Osborn (Board Director) and Michael Sewell (CFO, Sr. Vice President and Treasurer), also disclosed acquisition of shares. Osborn bought 670 shares at a price of $45.42 apiece, and now owns 9,774 shares. Mr. Sewell, on his part, acquired 3,000 shares. His holdings at Cincinnati Financial Corporation (NASDAQ:CINF) now amount to 22,503 shares. Both these purchases follow strong, estimate-beating, Q4 earnings (operating earnings of $0.72 per share), reported by the company on last week. The performance was mainly attributed to an increased premium income and a sizable contribution from the company’s Personal, Commercial, Excess and Surplus segments.

Cincinnati Financial Corporation (NASDAQ:CINF) is a mid-cap property casualty insurer. Its stock trades at 12.9 times the company’s earnings, a slight premium in relation to its peers’ mean of 11.8x. However, its growth projections are far from ideal. This is why, despite the earnings beat, most analysts tend to recommend holding on this stock –despite its above average margins, returns and generous dividend yield.

On the other hand, three insiders betting on the company in one week can certainly be interpreted as a bullish sign (especially, as they are ignoring the benefits of diversifying their investments). Furthermore, it is not only insiders that are betting on Cincinnati Financial Corporation (NASDAQ:CINF). David Harding’s Winton Capital Management, by the end of Q4, held more than 980,000 shares. However, this position only comprised 0.46% of Winton’s Q4 equity portfolio.

In addition, several major hedge funds like Jean-Marie Eveillard´s First Eagle Investment Management, and Royce & Associates hold stakes in the worth several million dollars, which were upped –or at least maintained- during Q4.

* By a Trust, a 401(k) Plan, the IRA, and his Spouse’s Trust.

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Two Insiders Are Betting On Archer Daniels Midland Company (ADM)

Mathew Martoma Insider Trading Conviction: Guilty

David Einhorn and Insiders Are Bullish About These Stocks

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!