Nisa Investment Advisors LLC Has $7.99 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Nisa Investment Advisors LLC lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 18.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 55,283 shares of the insurance provider’s stock after acquiring an additional 8,545 shares during the period. Nisa Investment Advisors LLC’s holdings in Cincinnati Financial were worth $7,986,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CINF. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in Cincinnati Financial in the 3rd quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new stake in Cincinnati Financial in the third quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

CINF has been the topic of a number of analyst reports. Bank of America upped their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Piper Sandler upped their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial Trading Down 1.4 %

Shares of NASDAQ CINF opened at $136.07 on Friday. Cincinnati Financial Co. has a 1-year low of $104.78 and a 1-year high of $161.74. The company has a 50-day moving average of $147.99 and a two-hundred day moving average of $138.77. The company has a market cap of $21.27 billion, a PE ratio of 6.99, a P/E/G ratio of 2.46 and a beta of 0.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. As a group, equities analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.38%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is 16.65%.

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.