Triton Financial Group Inc Invests $2 Million in Cincinnati Financial Corporation $CINF

Triton Financial Group Inc bought a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,819 shares of the insurance provider’s stock, valued at approximately $2,003,000. Cincinnati Financial comprises approximately 1.2% of Triton Financial Group Inc’s investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. purchased a new position in shares of Cincinnati Financial during the 2nd quarter valued at about $27,000. Motiv8 Investments LLC purchased a new stake in shares of Cincinnati Financial in the fourth quarter worth about $29,000. Covestor Ltd boosted its stake in shares of Cincinnati Financial by 98.8% in the second quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock worth $31,000 after buying an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Cincinnati Financial during the first quarter worth about $34,000. Finally, DV Equities LLC acquired a new stake in Cincinnati Financial during the fourth quarter worth about $36,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $172.52 on Friday. The stock has a market capitalization of $26.48 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 3.61 and a beta of 0.54. The stock has a 50-day moving average of $178.06 and a 200 day moving average of $168.65. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same period in the previous year, the business posted $1.97 earnings per share. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 8.31 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 17.74%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a research report on Wednesday, July 15th. Roth Capital raised their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a report on Friday, August 21st. Keefe, Bruyette & Woods decreased their target price on shares of Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Finally, Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.40.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average price of $171.64 per share, with a total value of $171,640.00. Following the acquisition, the director owned 62,059 shares in the company, valued at $10,651,806.76. The trade was a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.94% of the company’s stock.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.