Cincinnati Financial Corporation $CINF Shares Bought by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners increased its Cincinnati Financial stake by 21.9% in the third quarter, acquiring 13,793 additional shares for a total holding of 76,748 shares valued at approximately $12.46 million.
• Cincinnati Financial shares traded at $161.61, near the lower end of their 12-month range, while the company reported quarterly EPS of $1.43—below the $1.82 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $195.40.
• The insurer declared a quarterly dividend of $0.94 per share, equivalent to an annualized $3.76 payout and a 2.3% yield. Director Dirk Debbink also purchased 1,000 shares, signaling additional insider confidence.

Venture Visionary Partners LLC lifted its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 21.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,748 shares of the insurance provider's stock after buying an additional 13,793 shares during the period. Venture Visionary Partners LLC owned approximately 0.05% of Cincinnati Financial worth $12,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. acquired a new position in Cincinnati Financial in the 2nd quarter valued at $27,000. Covestor Ltd grew its holdings in shares of 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 purchasing an additional 83 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the 1st quarter worth $34,000. Elevation Wealth Partners LLC increased its position in shares of Cincinnati Financial by 230.8% in the third quarter. Elevation Wealth Partners LLC now owns 215 shares of the insurance provider's stock worth $34,000 after purchasing an additional 150 shares during the period. Finally, SHP Wealth Management bought a new position in shares of Cincinnati Financial in the fourth quarter worth $44,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Price Performance

NASDAQ:CINF traded down $1.47 during trading hours on Wednesday, hitting $161.61. The company's stock had a trading volume of 503,375 shares, compared to its average volume of 739,802. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a fifty day simple moving average of $169.79 and a 200-day simple moving average of $169.24. The company has a market capitalization of $24.80 billion, a P/E ratio of 7.62, a PEG ratio of 2.76 and a beta of 0.52.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The business had revenue of $4.27 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $1.97 EPS. On average, analysts anticipate that Cincinnati Financial Corporation will post 8.35 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.94 per share. 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 dividend payout ratio is currently 17.74%.

Insider Buying and Selling

In related news, Director Dirk Debbink bought 1,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the transaction, the director directly owned 62,059 shares of the company's stock, valued at approximately $10,651,806.76. This represents a 1.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Cincinnati Financial from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, September 10th. Roth Capital raised their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Bank of America cut shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and dropped their target price for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. Piper Sandler upped 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Cincinnati Financial from $201.00 to $190.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $195.40.

Cincinnati Financial Company 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.

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