Palantir Technologies lifts guidance after Q2 results beat Wall Street estimates
Nancy Benacci, a director at Cincinnati Financial Corp (NASDAQ:CINF), recently acquired 1,000 shares of the company’s common stock. The transaction, which took place on February 21, 2025, saw Benacci purchasing the shares at a price of $136.16 each, totaling $136,160. The purchase comes as the $21.75 billion market cap insurer trades at an attractive P/E ratio of 9.5x, with InvestingPro analysis indicating the stock is currently undervalued. Following this acquisition, Benacci’s direct ownership in the company stands at 6,653.325 shares, while she also holds 937 shares indirectly through a Director NQ Plan. Cincinnati Financial boasts an impressive 53-year streak of maintaining dividend payments, with a current yield of 2.54%. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, Cincinnati Financial Corporation reported robust fourth-quarter 2024 earnings, significantly surpassing expectations. The company achieved an earnings per share (EPS) of $3.14, well above the projected $1.88, and a revenue of $2.54 billion, exceeding the forecasted $2.32 billion. This strong performance was highlighted by a 67% surprise in EPS and a 9.5% revenue beat. Additionally, the company declared a 7% increase in dividends, reflecting its commitment to shareholder value. Analyst firms Keefe, Bruyette & Woods and BMO Capital Markets both revised their price targets for Cincinnati Financial, with Keefe increasing it to $182 and BMO to $153, maintaining an Outperform rating in both cases. Keefe’s revised target was influenced by a recalibration of EPS forecasts, considering anticipated catastrophe losses, while BMO’s adjustment was driven by improved earnings projections for 2026 and strategic investment income boosts. Despite these positive developments, the company faces challenges such as expected losses from California wildfires, estimated between $450 million and $525 million, which have impacted 2025 earnings forecasts. The company’s strategic focus on premium growth, investment income, and risk management continues to be a key driver of its financial performance.
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