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

Boston Trust Walden Corp grew its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 804,777 shares of the insurance provider's stock after buying an additional 8,997 shares during the quarter. Cincinnati Financial accounts for approximately 0.9% of Boston Trust Walden Corp's holdings, making the stock its 23rd largest position. Boston Trust Walden Corp owned approximately 0.51% of Cincinnati Financial worth $118,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GoalVest Advisory LLC increased its holdings in Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares during the last quarter. Whipplewood Advisors LLC grew its position in shares of Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 200 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Cincinnati Financial by 5,000.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Cincinnati Financial in the 1st quarter worth $47,000. Finally, EverSource Wealth Advisors LLC lifted its position in Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

CINF stock traded up $0.43 during trading on Thursday, reaching $145.70. The company's stock had a trading volume of 498,597 shares, compared to its average volume of 662,328. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company's fifty day moving average is $143.45 and its 200-day moving average is $142.65. The company has a market capitalization of $22.77 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 9.65 and a beta of 0.78. Cincinnati Financial Corporation has a 1 year low of $113.70 and a 1 year high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 6.55% and a net margin of 13.19%. The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 earnings per share. On average, research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CINF. Keefe, Bruyette & Woods reduced their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Company 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.