Cincinnati Financial Corporation (NASDAQ:CINF) Shares Sold by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC reduced its stake in Cincinnati Financial Corporation by 14.0%, now holding 10,436 shares valued at approximately $1.54 million.
• The company reported $1.97 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $1.39, while revenue was $2.48 billion, below the expected $2.80 billion.
• Brokerages have upgraded their ratings on Cincinnati Financial, with Roth Capital raising the price target from $160 to $175 and a consensus price target of $159.40 among analysts.

Trivium Point Advisory LLC trimmed its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,436 shares of the insurance provider's stock after selling 1,692 shares during the quarter. Trivium Point Advisory LLC's holdings in Cincinnati Financial were worth $1,542,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its holdings 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cincinnati Financial in the first quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Cincinnati Financial in the first quarter valued at about $30,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Finally, GoalVest Advisory LLC lifted its holdings 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 valued at $38,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Shares of CINF opened at $154.15 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $24.11 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 7.64 and a beta of 0.70. The company's 50 day simple moving average is $148.43 and its 200 day simple moving average is $143.67. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74.

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, beating the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share. On average, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CINF. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Roth Capital upped their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $159.40.

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.

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