Norinchukin Bank The Buys 473 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Norinchukin Bank The grew its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 7.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,792 shares of the insurance provider’s stock after buying an additional 473 shares during the period. Norinchukin Bank The’s holdings in Cincinnati Financial were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial in the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd raised its holdings in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $50,000. Finally, Kentucky Trust Co bought a new stake in Cincinnati Financial during the 4th quarter valued at approximately $51,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Down 3.4 %

CINF opened at $127.72 on Tuesday. The firm has a market cap of $20.00 billion, a P/E ratio of 8.80, a P/E/G ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The stock has a 50-day moving average of $139.43 and a 200 day moving average of $142.55. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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%. As a group, research analysts forecast 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were paid a $0.87 dividend. The ex-dividend date was Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.72%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Company 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.