Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Nissay Asset Management Corp Japan ADV


Share on StockTwits

Nissay Asset Management Corp Japan ADV trimmed its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,367 shares of the insurance provider’s stock after selling 687 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Cincinnati Financial were worth $1,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Berman Capital Advisors LLC raised its stake in shares of Cincinnati Financial by 106.9% during the 3rd quarter. Berman Capital Advisors LLC now owns 391 shares of the insurance provider’s stock valued at $30,000 after buying an additional 202 shares during the last quarter. Freestone Capital Holdings LLC acquired a new position in Cincinnati Financial in the third quarter valued at approximately $33,000. McClarren Financial Advisors Inc. acquired a new position in Cincinnati Financial in the fourth quarter valued at approximately $33,000. CVA Family Office LLC purchased a new stake in Cincinnati Financial in the 3rd quarter worth approximately $35,000. Finally, Biltmore Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $41,000. 65.26% of the stock is currently owned by institutional investors.

Cincinnati Financial stock opened at $96.98 on Tuesday. The stock has a market capitalization of $15.60 billion, a P/E ratio of 20.00 and a beta of 0.59. The company’s fifty day moving average price is $89.44 and its 200 day moving average price is $81.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.28 and a current ratio of 0.28. Cincinnati Financial Co. has a 1 year low of $46.07 and a 1 year high of $110.73.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Tuesday, February 9th. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.42. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. Sell-side analysts predict that Cincinnati Financial Co. will post 2.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 17th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, March 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.60. Cincinnati Financial’s dividend payout ratio is presently 57.14%.

A number of brokerages recently issued reports on CINF. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cincinnati Financial from $74.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, February 16th. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday, February 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $79.29.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, 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 offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

Further Reading: How To Calculate Debt-to-Equity Ratio

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).

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

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.