Nisa Investment Advisors LLC Purchases 3,516 Shares of Cincinnati Financial Corporation $CINF

Nisa Investment Advisors LLC increased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,382 shares of the insurance provider’s stock after purchasing an additional 3,516 shares during the period. Nisa Investment Advisors LLC’s holdings in Cincinnati Financial were worth $6,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quintet Private Bank Europe S.A. acquired a new position in shares of Cincinnati Financial during the second quarter valued at about $25,000. Spire Wealth Management lifted its position in Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 76 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Cincinnati Financial during the 1st quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in Cincinnati Financial during the 1st quarter valued at about $32,000. Finally, AlphaQuest LLC increased its holdings in Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $151.75 on Wednesday. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $166.90. The company has a 50-day simple moving average of $156.06 and a 200 day simple moving average of $149.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $23.73 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 7.05 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.72%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 30.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CINF shares. Roth Capital restated a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Cincinnati Financial has an average rating of “Buy” and an average price target of $167.67.

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.