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

Mizuho Securities USA LLC grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 46.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,815 shares of the insurance provider’s stock after acquiring 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 & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial during the 4th quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the third quarter worth about $28,000. Y.D. More Investments Ltd increased its stake in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the period. True Wealth Design LLC acquired a new stake in Cincinnati Financial in the third quarter valued at approximately $42,000. Finally, Quarry LP purchased a new position in Cincinnati Financial in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $145.67 on Tuesday. The company has a fifty day moving average of $140.15 and a two-hundred day moving average of $142.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The company has a market capitalization of $22.81 billion, a PE ratio of 10.03, a P/E/G ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.39%. Cincinnati Financial’s dividend payout ratio is 23.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CINF. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

About Cincinnati Financial

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.