Venture Visionary Partners LLC Purchases 13,793 Shares of Cincinnati Financial Corporation $CINF

Venture Visionary Partners LLC lifted its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,748 shares of the insurance provider’s stock after purchasing an additional 13,793 shares during the period. Venture Visionary Partners LLC’s holdings in Cincinnati Financial were worth $12,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CINF. Keating Financial Advisory Services Inc. bought a new position in Cincinnati Financial in the 2nd quarter valued at approximately $27,000. Covestor Ltd grew its holdings in Cincinnati Financial by 98.8% during the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at approximately $34,000. Elevation Wealth Partners LLC increased its position in Cincinnati Financial by 230.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 215 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 150 shares during the period. Finally, SHP Wealth Management bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.9%

CINF traded down $1.47 during trading on Wednesday, reaching $161.61. 503,375 shares of the stock traded hands, compared to its average volume of 739,802. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average is $169.79 and its 200 day moving average is $169.24. Cincinnati Financial Corporation has a 12 month low of $150.00 and a 12 month high of $194.81. The stock has a market capitalization of $24.80 billion, a PE ratio of 7.62, a P/E/G ratio of 2.76 and a beta of 0.52.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same period last year, the business posted $1.97 earnings per share. Equities analysts anticipate that Cincinnati Financial Corporation will post 8.35 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 23rd. Cincinnati Financial’s payout ratio is presently 17.74%.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk Debbink purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average cost of $171.64 per share, with a total value of $171,640.00. Following the completion of the purchase, the director owned 62,059 shares in the company, valued at $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CINF. Piper Sandler lifted their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods cut their target price on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings raised Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, September 10th. Bank of America lowered Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. Finally, Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.40.

Cincinnati Financial Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.