Triton Financial Group Inc Takes $1.52 Million Position in Cincinnati Financial Corporation $CINF

Triton Financial Group Inc acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,223 shares of the insurance provider’s stock, valued at approximately $1,522,000.

Several other institutional investors and hedge funds have also made changes to their positions in CINF. Quintet Private Bank Europe S.A. purchased a new stake in shares of Cincinnati Financial in the second quarter valued at $25,000. Spire Wealth Management lifted its position in Cincinnati Financial by 77.6% during 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. purchased a new position in Cincinnati Financial during the first quarter worth about $26,000. Alpine Bank Wealth Management purchased a new position in Cincinnati Financial during the first quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Cincinnati Financial during the first quarter worth about $32,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $154.90 on Tuesday. The stock’s 50-day moving average is $155.64 and its 200-day moving average is $148.53. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 7.16 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business posted $1.29 EPS. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were paid a $0.87 dividend. The ex-dividend date was Monday, September 22nd. 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 30.18%.

Analyst Upgrades and Downgrades

CINF has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Roth Capital increased 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. Finally, Keefe, Bruyette & Woods increased 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.25.

Cincinnati Financial 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.