Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,719 shares of the insurance provider's stock after selling 2,940 shares during the period. Nuveen Asset Management LLC owned 0.20% of Cincinnati Financial worth $45,656,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC purchased a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $207,000. Lighthouse Investment Partners LLC grew its stake in shares of Cincinnati Financial by 5.9% in the 4th quarter. Lighthouse Investment Partners LLC now owns 112,869 shares of the insurance provider's stock valued at $16,219,000 after buying an additional 6,303 shares during the period. Gotham Asset Management LLC grew its stake in shares of Cincinnati Financial by 80.7% in the 4th quarter. Gotham Asset Management LLC now owns 60,506 shares of the insurance provider's stock valued at $8,695,000 after buying an additional 27,027 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of Cincinnati Financial by 14.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 72,424 shares of the insurance provider's stock valued at $10,407,000 after buying an additional 9,197 shares during the period. Finally, Ethic Inc. grew its stake in shares of Cincinnati Financial by 22.6% in the 4th quarter. Ethic Inc. now owns 18,486 shares of the insurance provider's stock valued at $2,656,000 after buying an additional 3,413 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $150.95 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a market capitalization of $23.59 billion, a P/E ratio of 10.40, a PEG ratio of 8.30 and a beta of 0.73. The company has a 50 day moving average price of $140.66 and a 200 day moving average price of $143.13. Cincinnati Financial Co. has a fifty-two week low of $111.92 and a fifty-two week high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the company posted $1.72 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. Equities research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.31%. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CINF. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Company 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.

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