Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 46.2% in the fourth quarter, Holdings Channel reports. The fund owned 14,815 shares of the insurance provider’s stock after purchasing an additional 4,684 shares during the period. Mizuho Securities USA LLC’s holdings in Cincinnati Financial were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CINF. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Cincinnati Financial by 583.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock worth $52,531,000 after purchasing an additional 329,435 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 worth $863,099,000 after buying an additional 224,033 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after acquiring an additional 147,542 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Cincinnati Financial by 3,381.8% in the fourth quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock valued at $20,228,000 after acquiring an additional 136,725 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Cincinnati Financial by 73.8% during the fourth quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider’s stock worth $44,558,000 after acquiring an additional 131,625 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $145.67 on Tuesday. The company has a market cap of $22.81 billion, a P/E ratio of 10.03, a P/E/G ratio of 8.30 and a beta of 0.66. The firm’s 50 day moving average is $140.15 and its two-hundred day moving average is $142.50. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on CINF shares. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial 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.