Cincinnati Financial Co. (NASDAQ:CINF) Stock Holdings Lowered by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,570 shares of the insurance provider’s stock after selling 10,855 shares during the period. Nomura Asset Management Co. Ltd. owned 0.21% of Cincinnati Financial worth $47,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Cincinnati Financial in the fourth quarter worth $223,959,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in Cincinnati Financial by 583.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after buying an additional 329,435 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after acquiring an additional 224,033 shares during the period. Vanguard Group Inc. raised its position in Cincinnati Financial by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock worth $2,754,399,000 after acquiring an additional 173,417 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 1.3 %

NASDAQ:CINF opened at $145.55 on Friday. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The firm has a market capitalization of $22.79 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 8.30 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average price is $140.57 and its 200 day moving average price is $142.69.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm upped their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus price target of $154.20.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.