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

Nomura Holdings Inc. raised its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,221 shares of the insurance provider's stock after buying 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 & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in Cincinnati Financial in the fourth quarter valued at $223,959,000. Topsail Wealth Management LLC purchased a new position in shares of Cincinnati Financial in the 4th quarter worth about $47,114,000. Caisse DE Depot ET Placement DU Quebec increased its position 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. increased its position 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 raised 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 buying an additional 206,693 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CINF. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective 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, Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Trading Down 0.6%

CINF traded down $0.83 on Thursday, hitting $145.69. 67,935 shares of the company were exchanged, compared to its average volume of 663,272. 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 firm has a fifty day simple moving average of $140.84 and a two-hundred day simple moving average of $143.21. The stock has a market capitalization of $22.77 billion, a PE ratio of 10.03, 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.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released 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. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company 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 dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.39%. Cincinnati Financial's payout ratio is currently 37.95%.

About Cincinnati Financial

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.