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

Key Points

• Triton Financial Group Inc has acquired a new stake in Cincinnati Financial Corporation, purchasing 10,223 shares valued at approximately $1.52 million during the second quarter.
• In recent earnings, Cincinnati Financial reported $1.97 earnings per share, exceeding estimates, with revenues of $2.48 billion, indicating a 15.5% year-over-year increase.
• The company's quarterly dividend of $0.87 reflects a 2.2% yield and a dividend payout ratio of 30.18%.

Triton Financial Group Inc bought a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,223 shares of the insurance provider's stock, valued at approximately $1,522,000.

A number of other institutional investors have also modified their holdings of CINF. GQG Partners LLC acquired a new position in shares of Cincinnati Financial in the first quarter valued at approximately $270,005,000. Raymond James Financial Inc. grew its holdings in Cincinnati Financial by 558.8% during the first quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider's stock worth $79,909,000 after acquiring an additional 458,841 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Cincinnati Financial by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock worth $940,130,000 after acquiring an additional 358,018 shares during the period. Nuveen LLC acquired a new position in Cincinnati Financial during the first quarter worth $47,070,000. Finally, Woodline Partners LP grew its holdings in Cincinnati Financial by 3,392.1% during the first quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider's stock worth $48,423,000 after acquiring an additional 318,413 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Up 1.2%

Cincinnati Financial stock opened at $154.90 on Tuesday. 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 firm has a market capitalization 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. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $166.90. The stock's fifty day moving average is $155.64 and its two-hundred day moving average is $148.53.

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

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial's dividend payout ratio is currently 30.18%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CINF. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Roth Capital upped their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $157.25.

About Cincinnati Financial

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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