Venture Visionary Partners LLC Buys 38,115 Shares of Cincinnati Financial Corporation $CINF

Key Points

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Venture Visionary Partners LLC lifted its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 204.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,725 shares of the insurance provider's stock after buying an additional 38,115 shares during the period. Venture Visionary Partners LLC's holdings in Cincinnati Financial were worth $8,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Cincinnati Financial by 0.5% in the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock valued at $2,844,419,000 after purchasing an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Cincinnati Financial by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock valued at $940,130,000 after buying an additional 358,018 shares during the last quarter. Invesco Ltd. boosted its position in Cincinnati Financial by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock valued at $273,062,000 after buying an additional 40,222 shares during the period. GQG Partners LLC bought a new stake in Cincinnati Financial in the 1st quarter worth $270,005,000. Finally, Northern Trust Corp increased its position in shares of Cincinnati Financial by 10.8% in the fourth quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after acquiring an additional 162,714 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Up 1.6%

CINF traded up $2.44 on Friday, hitting $155.40. The company had a trading volume of 458,350 shares, compared to its average volume of 608,926. The stock has a fifty day simple moving average of $148.96 and a 200-day simple moving average of $144.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $24.30 billion, a P/E ratio of 13.48, a P/E/G ratio of 7.61 and a beta of 0.70. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The business's revenue was up 15.5% compared to the same quarter last year. As a group, equities analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial's dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Roth Capital lifted their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.40.

Cincinnati Financial Company 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.