Nuveen Asset Management LLC Has $45.66 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Nuveen Asset Management LLC trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,719 shares of the insurance provider's stock after selling 2,940 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.20% of Cincinnati Financial worth $45,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors increased its position in shares of Cincinnati Financial by 13.6% in the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock worth $2,541,000 after purchasing an additional 2,122 shares during the last quarter. New York Life Investment Management LLC boosted its stake in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after purchasing an additional 2,383 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $4,935,000. AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Cincinnati Financial by 25.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider's stock valued at $50,652,000 after purchasing an additional 70,408 shares during the period. Finally, Aviva PLC boosted its stake in shares of Cincinnati Financial by 68.0% during the fourth quarter. Aviva PLC now owns 9,731 shares of the insurance provider's stock valued at $1,398,000 after purchasing an additional 3,938 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.4%

Shares of CINF stock traded up $0.53 during mid-day trading on Friday, hitting $145.83. The stock had a trading volume of 329,731 shares, compared to its average volume of 665,835. 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 firm has a market capitalization of $22.79 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 12-month low of $111.92 and a 12-month high of $161.75. The firm's 50-day moving average is $140.80 and its two-hundred day moving average is $143.22.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The company's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 earnings per share. On average, analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial's dividend payout ratio is currently 37.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CINF. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods dropped their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus price target of $147.40.

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.