Boston Trust Walden Corp Acquires 8,997 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Boston Trust Walden Corp boosted its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 804,777 shares of the insurance provider's stock after acquiring an additional 8,997 shares during the period. Cincinnati Financial accounts for 0.9% of Boston Trust Walden Corp's investment portfolio, making the stock its 23rd largest holding. Boston Trust Walden Corp owned about 0.51% of Cincinnati Financial worth $118,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Principal Securities Inc. raised its stake in Cincinnati Financial by 57.6% during the fourth quarter. Principal Securities Inc. now owns 1,149 shares of the insurance provider's stock worth $165,000 after buying an additional 420 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Cincinnati Financial by 16.7% during the 4th quarter. Allworth Financial LP now owns 1,821 shares of the insurance provider's stock worth $251,000 after buying an additional 261 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $215,000. CIBC Asset Management Inc boosted its holdings in shares of Cincinnati Financial by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 23,778 shares of the insurance provider's stock worth $3,417,000 after buying an additional 1,034 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Cincinnati Financial by 3.2% during the 4th quarter. Truist Financial Corp now owns 11,009 shares of the insurance provider's stock worth $1,582,000 after buying an additional 341 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CINF. Keefe, Bruyette & Woods cut their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Down 0.2%

NASDAQ CINF traded down $0.26 during mid-day trading on Friday, hitting $145.44. The company's stock had a trading volume of 1,159,974 shares, compared to its average volume of 660,557. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company's 50 day simple moving average is $144.02 and its 200 day simple moving average is $142.40. Cincinnati Financial Corporation has a twelve month low of $113.70 and a twelve month high of $161.75. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 9.66 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The business's revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

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.