Lincoln National Increases Holding in Cisco Sys (CSCO); Cincinnati Insurance Company Has Trimmed Its Nucor (NUE) Position by $1.68 Million; Valuation Declined

January 13, 2018 - By Marie Mckinney

Lincoln National Corp increased its stake in Cisco Sys Inc (CSCO) by 46.37% based on its latest 2017Q3 regulatory filing with the SEC. Lincoln National Corp bought 10,932 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 34,508 shares of the technology company at the end of 2017Q3, valued at $1.16 million, up from 23,576 at the end of the previous reported quarter. Lincoln National Corp who had been investing in Cisco Sys Inc for a number of months, seems to be bullish on the $202.05 billion market cap company. The stock increased 1.92% or $0.77 during the last trading session, reaching $40.87. About 23.77 million shares traded or 19.70% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 13, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Cincinnati Insurance Company decreased its stake in Nucor Corp (NUE) by 3.17% based on its latest 2017Q3 regulatory filing with the SEC. Cincinnati Insurance Company sold 30,000 shares as the company’s stock declined 11.33% while stock markets rallied. The institutional investor held 915,512 shares of the steel and iron ore company at the end of 2017Q3, valued at $51.31 million, down from 945,512 at the end of the previous reported quarter. Cincinnati Insurance Company who had been investing in Nucor Corp for a number of months, seems to be less bullish one the $21.94 billion market cap company. The stock decreased 1.65% or $1.16 during the last trading session, reaching $69.02. About 2.64M shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since January 13, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on January, 30. They expect $0.55 earnings per share, up 10.00% or $0.05 from last year’s $0.5 per share. NUE’s profit will be $174.86 million for 31.37 P/E if the $0.55 EPS becomes a reality. After $0.79 actual earnings per share reported by Nucor Corporation for the previous quarter, Wall Street now forecasts -30.38% negative EPS growth.

Cincinnati Insurance Company, which manages about $3.35B US Long portfolio, upped its stake in Energy Transfer Partners Lp by 17,020 shares to 359,157 shares, valued at $6.57M in 2017Q3, according to the filing. It also increased its holding in Enterprise Products Partners (NYSE:EPD) by 20,767 shares in the quarter, for a total of 267,497 shares, and has risen its stake in Williams Partners Mlp (ACMP).

Since September 19, 2017, it had 0 buys, and 3 selling transactions for $1.59 million activity. 2,500 shares were sold by HAYNES VICTORIA F, worth $137,912 on Tuesday, September 19. 15,131 Nucor Corporation (NYSE:NUE) shares with value of $913,959 were sold by FERRIOLA JOHN J.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.35, from 1.24 in 2017Q2. It turned negative, as 62 investors sold NUE shares while 223 reduced holdings. 59 funds opened positions while 196 raised stakes. 232.46 million shares or 1.40% less from 235.76 million shares in 2017Q2 were reported. Ubs Oconnor Lc reported 144,537 shares or 0.19% of all its holdings. Jefferies Grp Incorporated Ltd has 0.02% invested in Nucor Corporation (NYSE:NUE). Cetera Advsr Limited Liability Corporation owns 13,580 shares. Mcmillion Cap Management holds 1.76% in Nucor Corporation (NYSE:NUE) or 47,864 shares. Community Savings Bank Na reported 0.3% stake. Destination Wealth Mngmt owns 0.02% invested in Nucor Corporation (NYSE:NUE) for 5,712 shares. Century Inc invested in 0.07% or 1.22M shares. San Francisco Sentry Invest Group Inc (Ca) reported 0.01% of its portfolio in Nucor Corporation (NYSE:NUE). Meyer Handelman Co holds 0.36% in Nucor Corporation (NYSE:NUE) or 142,400 shares. United Asset Strategies holds 2.22% or 69,962 shares in its portfolio. Assetmark Inc stated it has 64 shares or 0% of all its holdings. Royal Bancorp Of Canada invested 0.01% of its portfolio in Nucor Corporation (NYSE:NUE). Cibc Ww Mkts Corp reported 169,331 shares. M Securities holds 0.09% in Nucor Corporation (NYSE:NUE) or 4,984 shares. Virtus Inv Advisers Inc has 175,074 shares.

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Nucor Corporation had 75 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating by Cowen & Co given on Thursday, August 31. The firm earned “Buy” rating on Thursday, September 14 by Citigroup. The rating was maintained by Cowen & Co with “Market Perform” on Monday, October 26. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, September 12. The stock of Nucor Corporation (NYSE:NUE) earned “Hold” rating by BMO Capital Markets on Friday, November 17. The firm has “Sector Weight” rating given on Thursday, August 17 by KeyBanc Capital Markets. The firm earned “Hold” rating on Friday, August 25 by BMO Capital Markets. The firm has “Buy” rating by Bank of America given on Friday, October 20. The firm has “Buy” rating by Argus Research given on Monday, December 12. Credit Suisse maintained Nucor Corporation (NYSE:NUE) rating on Thursday, September 28. Credit Suisse has “Buy” rating and $63.0 target.

Since August 23, 2017, it had 0 insider buys, and 7 selling transactions for $23.51 million activity. CHAMBERS JOHN T sold 250,000 shares worth $7.79M. MCGEARY RODERICK C had sold 15,230 shares worth $578,740 on Thursday, December 14. Another trade for 23,110 shares valued at $740,883 was sold by Walker Karen. 65,000 shares were sold by CHANDLER MARK D, worth $2.11M on Monday, September 18. BHATT PRAT also sold $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11. Robbins Charles sold 121,390 shares worth $3.89 million.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Cisco Systems Inc. had 135 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Hold” rating given on Friday, July 21 by Credit Suisse. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, November 15 report. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, January 10 report. The firm earned “Buy” rating on Friday, June 30 by Jefferies. The firm earned “Buy” rating on Thursday, June 16 by UBS. The firm has “Outperform” rating given on Thursday, May 19 by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, June 13 by Deutsche Bank. The company was maintained on Tuesday, August 15 by Drexel Hamilton. As per Tuesday, August 4, the company rating was downgraded by Macquarie Research. The stock has “Buy” rating by Bernstein on Wednesday, June 21.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. It dived, as 74 investors sold CSCO shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported. First Citizens National Bank & Trust And Company owns 277,573 shares or 1.22% of their US portfolio. Ameriprise Fincl Inc holds 1% or 62.71M shares. 1.39M are owned by Texas Permanent School Fund. Foster & Motley reported 1.43% stake. Cutter Brokerage Incorporated, a Missouri-based fund reported 16,282 shares. Cincinnati has 2.38 million shares for 3.64% of their portfolio. Sigma Planning Corp reported 88,808 shares or 0.25% of all its holdings. Ny State Common Retirement Fund reported 0.61% stake. Highstreet Asset Inc has invested 1.3% in Cisco Systems, Inc. (NASDAQ:CSCO). 709,523 are owned by Hardman Johnston Global Advisors Limited Liability. Indiana And Mgmt Communication accumulated 0.33% or 20,442 shares. 25,334 are owned by Douglass Winthrop Advsr Ltd Com. Westpac Banking holds 0.44% or 595,437 shares. Hall Laurie J Trustee holds 0.29% or 13,803 shares. Provise Mgmt Group Inc Lc invested 0.2% in Cisco Systems, Inc. (NASDAQ:CSCO).

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