Nomura Asset Management Co. Ltd. raised its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 14.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,802 shares of the insurance provider’s stock after purchasing an additional 4,587 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Cincinnati Financial were worth $2,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CINF. Select Equity Group L.P. grew its stake in Cincinnati Financial by 29.6% during the 1st quarter. Select Equity Group L.P. now owns 4,770,980 shares of the insurance provider’s stock valued at $354,293,000 after purchasing an additional 1,089,273 shares during the last quarter. Victory Capital Management Inc. grew its stake in Cincinnati Financial by 1,336.3% during the 1st quarter. Victory Capital Management Inc. now owns 513,090 shares of the insurance provider’s stock valued at $38,102,000 after purchasing an additional 477,367 shares during the last quarter. First Trust Advisors LP grew its stake in Cincinnati Financial by 73.2% during the 2nd quarter. First Trust Advisors LP now owns 682,914 shares of the insurance provider’s stock valued at $45,660,000 after purchasing an additional 288,711 shares during the last quarter. Millennium Management LLC grew its stake in Cincinnati Financial by 256.1% during the 1st quarter. Millennium Management LLC now owns 373,603 shares of the insurance provider’s stock valued at $27,744,000 after purchasing an additional 268,691 shares during the last quarter. Finally, USS Investment Management Ltd purchased a new stake in Cincinnati Financial during the 1st quarter valued at about $9,481,000. Institutional investors and hedge funds own 63.36% of the company’s stock.

Shares of CINF opened at $75.75 on Friday. Cincinnati Financial Co. has a 52 week low of $66.33 and a 52 week high of $78.04. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $12.10 billion, a PE ratio of 27.65 and a beta of 0.88.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, July 26th. The insurance provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.27. Cincinnati Financial had a return on equity of 6.36% and a net margin of 16.59%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. research analysts predict that Cincinnati Financial Co. will post 3.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Wednesday, September 19th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.80%. Cincinnati Financial’s payout ratio is 77.37%.

Several analysts have weighed in on CINF shares. BidaskClub upgraded Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. Zacks Investment Research upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Sandler O’Neill reiterated a “neutral” rating on shares of Cincinnati Financial in a research note on Friday, July 27th. Finally, Credit Suisse Group started coverage on Cincinnati Financial in a research note on Tuesday, August 7th. They set an “underperform” rating and a $70.00 price target on the stock. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $74.00.

Cincinnati Financial Profile

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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