Nomura Holdings Inc. Buys 2,622 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Nomura Holdings Inc. lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,221 shares of the insurance provider's stock after purchasing an additional 2,622 shares during the quarter. Nomura Holdings Inc.'s holdings in Cincinnati Financial were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CINF. Norges Bank bought a new stake in shares of Cincinnati Financial during the 4th quarter valued at approximately $223,959,000. Topsail Wealth Management LLC bought a new stake in shares of Cincinnati Financial during the 4th quarter valued at approximately $47,114,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Cincinnati Financial by 62.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider's stock valued at $90,166,000 after purchasing an additional 241,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after purchasing an additional 224,033 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Cincinnati Financial by 26.7% during the 4th quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider's stock valued at $140,910,000 after purchasing an additional 206,693 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CINF has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a 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, Cincinnati Financial currently has an average rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $150.86 on Friday. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75. The stock's 50 day moving average is $140.44 and its 200-day moving average is $143.05. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $23.58 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 8.30 and a beta of 0.73.

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

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid 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 (DPR) is 37.95%.

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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