Nomura Asset Management Co. Ltd. lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 330,570 shares of the insurance provider's stock after selling 10,855 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.21% of Cincinnati Financial worth $47,503,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of CINF. Norges Bank acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth $223,959,000. AssuredPartners Investment Advisors LLC bought a new stake in shares of Cincinnati Financial during the 4th quarter valued at about $708,000. NEOS Investment Management LLC raised its stake in Cincinnati Financial by 25.6% during the fourth quarter. NEOS Investment Management LLC now owns 6,074 shares of the insurance provider's stock worth $873,000 after acquiring an additional 1,238 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Cincinnati Financial by 17.0% in the fourth quarter. UniSuper Management Pty Ltd now owns 17,423 shares of the insurance provider's stock worth $2,504,000 after acquiring an additional 2,531 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Cincinnati Financial by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 470,279 shares of the insurance provider's stock valued at $67,579,000 after acquiring an additional 24,942 shares during the period. Institutional investors own 65.24% of the company's stock.
Cincinnati Financial Stock Performance
CINF stock traded up $0.03 on Wednesday, reaching $147.48. The company's stock had a trading volume of 128,051 shares, compared to its average volume of 656,892. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The company has a market capitalization of $23.09 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The firm has a fifty day moving average of $140.86 and a two-hundred day moving average of $142.96.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.
Cincinnati Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.36%. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods raised their price target 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 raised their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.20.
Check Out Our Latest Report on Cincinnati Financial
Cincinnati Financial Company Profile
(
Free Report)
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.
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