Nomura Asset Management Co. Ltd. Has $47.50 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Nomura Asset Management Co. Ltd. cut its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 330,570 shares of the insurance provider’s stock after selling 10,855 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Cincinnati Financial were worth $47,503,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial during the third quarter valued at about $28,000. Y.D. More Investments Ltd lifted its position in shares of Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $42,000. Finally, Quarry LP acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $43,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

CINF opened at $145.55 on Friday. 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 stock’s 50 day moving average price is $140.57 and its two-hundred day moving average price is $142.69. The firm has a market capitalization of $22.79 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data 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 net margin of 20.22% and a return on equity of 9.01%. On average, equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. Cincinnati Financial’s payout ratio is presently 23.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CINF shares. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm upped their price objective 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus target price of $154.20.

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.