Cincinnati Financial Co. (NASDAQ:CINF) Holdings Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,283 shares of the insurance provider’s stock after purchasing 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 SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. purchased a new position in Cincinnati Financial during the 2nd quarter valued at about $89,000. Pacer Advisors Inc. grew its position in Cincinnati Financial by 27.2% during the second quarter. Pacer Advisors Inc. now owns 13,705 shares of the insurance provider’s stock valued at $1,619,000 after purchasing an additional 2,930 shares in the last quarter. Sei Investments Co. increased its stake in Cincinnati Financial by 4.9% in the 2nd quarter. Sei Investments Co. now owns 39,907 shares of the insurance provider’s stock valued at $4,713,000 after buying an additional 1,865 shares during the period. Public Sector Pension Investment Board lifted its position in Cincinnati Financial by 7.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 26,516 shares of the insurance provider’s stock worth $3,132,000 after buying an additional 1,786 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Cincinnati Financial by 75.5% during the 2nd quarter. Bank of Montreal Can now owns 226,622 shares of the insurance provider’s stock valued at $26,895,000 after buying an additional 97,484 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

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

Cincinnati Financial Stock Down 1.4 %

CINF opened at $136.07 on Friday. Cincinnati Financial Co. has a twelve month low of $104.78 and a twelve month high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average price of $147.99 and a 200 day moving average price of $138.77. The firm has a market cap of $21.27 billion, a P/E ratio of 6.99, a price-to-earnings-growth ratio of 2.46 and a beta of 0.71.

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

Cincinnati Financial Dividend Announcement

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

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

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.