Nomura Holdings Inc. cut its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 31.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,706 shares of the insurance provider’s stock after selling 9,786 shares during the period. Nomura Holdings Inc.’s holdings in Cincinnati Financial were worth $1,451,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Select Equity Group L.P. boosted its stake in Cincinnati Financial by 14.8% during the second quarter. Select Equity Group L.P. now owns 5,475,083 shares of the insurance provider’s stock valued at $366,064,000 after buying an additional 704,103 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Cincinnati Financial by 2.3% during the first quarter. JPMorgan Chase & Co. now owns 2,762,277 shares of the insurance provider’s stock valued at $205,127,000 after buying an additional 61,493 shares during the last quarter. Royal Bank of Canada boosted its stake in Cincinnati Financial by 3.2% during the first quarter. Royal Bank of Canada now owns 2,065,205 shares of the insurance provider’s stock valued at $153,361,000 after buying an additional 64,370 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Cincinnati Financial by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,301,839 shares of the insurance provider’s stock valued at $87,041,000 after buying an additional 19,935 shares during the last quarter. Finally, Fairpointe Capital LLC boosted its stake in Cincinnati Financial by 10.0% during the second quarter. Fairpointe Capital LLC now owns 949,212 shares of the insurance provider’s stock valued at $63,465,000 after buying an additional 86,135 shares during the last quarter. 62.17% of the stock is owned by institutional investors.

Shares of CINF stock opened at $79.03 on Friday. Cincinnati Financial Co. has a 1 year low of $66.33 and a 1 year high of $79.67. 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 company has a market cap of $12.85 billion, a price-to-earnings ratio of 26.00 and a beta of 0.84.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, July 26th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. equities research analysts anticipate that Cincinnati Financial Co. will post 3.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Wednesday, September 19th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 18th. This represents a $2.12 dividend on an annualized basis and a yield of 2.68%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 77.37%.

A number of brokerages recently commented on CINF. BidaskClub raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Wednesday, September 12th. Sandler O’Neill reissued 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 report on Tuesday, August 7th. They set an “underperform” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Cincinnati Financial has a consensus rating of “Hold” and an average target price of $78.00.

About Cincinnati Financial

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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