Cincinnati Financial Corporation $CINF Stock Position Raised by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 204.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,725 shares of the insurance provider's stock after acquiring an additional 38,115 shares during the quarter. Venture Visionary Partners LLC's holdings in Cincinnati Financial were worth $8,379,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Spire Wealth Management boosted its position in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after buying an additional 76 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Cincinnati Financial in the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Cincinnati Financial in the first quarter worth $30,000. GoalVest Advisory LLC boosted its position in shares of Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares during the period. Finally, Whipplewood Advisors LLC boosted its position in shares of Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after buying an additional 200 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $149.79 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74. The business has a fifty day simple moving average of $148.45 and a 200 day simple moving average of $143.91. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 7.49 and a beta of 0.70.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.29 earnings per share. Cincinnati Financial's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CINF. 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 report on Tuesday, August 5th. Roth Capital raised their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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