Insider Acquisition At Cincinnati Financial Corporation (CINF): Director Dirk Debbink Buys Sharesat At A Price Of $49.29 Per Share.


Cincinnati Financial Corporation (NASDAQ:CINF)’s Director J Dirk Debbink acquired 202 shares of common stock, at a Price of $49.29 per share. Following this transaction, Mr. Debbink now holds 18,356.999 securities at this Property & Casualty Insurance Company.

Mr. Debbink isn’t the only insider to buy shares at this $8.05 billion Market Cap Company. During Q1 2014, Mr. Lichtendahl acquired 1050 shares, at an average Price of $ 45.30 per share, during Q1 2014; Mr. Sewell and Mr. Van acquired respectively 3,000 at a price of $ 45.11, and 1,038 shares, at a Price of $ 48.14, and Mr. Osborne, during Q2, acquired 5670 shares, at prices ranging from $ 45.42 to $ 48.46, each share.

Additionally, different funds have felt bullish about this stock over the last reported quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the largest hedge fund at Cincinnati Financial Corporation (NASDAQ:CINF) and has increased its stake by 1% over the last reported quarter: it owns  9,615,811 shares, worth more than $467 million, representing 1.24% of its Equity Portfolio. Moreover, Steven Richman’s East Side Capital (Rr Partners) has also augmented its activity, with a stake at the company that’s grown 64% over the last reported quarter, currently holding 2,897,800 shares, worth about $141 million, which accounts for 4.88% of the fund’s Equity Portfolio.

Disclosure: None.

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