Nissay Asset Management Corp Japan ADV Has $1 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Nissay Asset Management Corp Japan ADV raised its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,654 shares of the insurance provider’s stock after acquiring an additional 420 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Cincinnati Financial were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its position in shares of Cincinnati Financial by 50.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 187,486 shares of the insurance provider’s stock worth $16,104,000 after buying an additional 63,125 shares during the period. Quadrant Capital Group LLC boosted its stake in Cincinnati Financial by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,680 shares of the insurance provider’s stock worth $276,000 after acquiring an additional 586 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Cincinnati Financial by 79.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 7,182 shares of the insurance provider’s stock worth $755,000 after acquiring an additional 3,177 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Cincinnati Financial by 8.4% during the 1st quarter. State of Alaska Department of Revenue now owns 94,040 shares of the insurance provider’s stock worth $7,094,000 after acquiring an additional 7,286 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in Cincinnati Financial by 14.9% during the 1st quarter. Private Trust Co. NA now owns 13,071 shares of the insurance provider’s stock worth $986,000 after acquiring an additional 1,694 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Several research analysts recently weighed in on CINF shares. Deutsche Bank raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a research note on Tuesday, June 16th. Piper Sandler cut their price target on shares of Cincinnati Financial from $95.00 to $70.00 and set an “underweight” rating on the stock in a research note on Monday, April 6th. Royal Bank of Canada raised shares of Cincinnati Financial from a “sector perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Wednesday, June 3rd. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $81.00 to $72.00 and set a “market perform” rating on the stock in a research note on Thursday, April 30th. Finally, Credit Suisse Group lowered shares of Cincinnati Financial from a “neutral” rating to an “underperform” rating and cut their price target for the company from $68.00 to $54.00 in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.13.

In other news, SVP Teresa C. Cracas sold 100,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $82.79, for a total value of $8,279,000.00. Following the sale, the senior vice president now owns 29,505 shares of the company’s stock, valued at $2,442,718.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 7.40% of the company’s stock.

Shares of CINF stock opened at $77.93 on Friday. The company’s fifty day simple moving average is $69.38 and its 200-day simple moving average is $80.78. The company has a quick ratio of 0.26, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $12.54 billion, a PE ratio of 21.71 and a beta of 0.51. Cincinnati Financial Co. has a 12 month low of $46.07 and a 12 month high of $118.19.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $1.65 billion. Cincinnati Financial had a net margin of 25.20% and a return on equity of 6.46%. The firm’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts predict that Cincinnati Financial Co. will post 3.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, June 16th. Cincinnati Financial’s dividend payout ratio is presently 57.14%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

Recommended Story: What is insider trading?

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).

Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.