Boston Trust Walden Corp Has $105.85 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Boston Trust Walden Corp boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 777,588 shares of the insurance provider’s stock after buying an additional 19,793 shares during the period. Boston Trust Walden Corp owned about 0.50% of Cincinnati Financial worth $105,845,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Cincinnati Financial by 7.4% during the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 79 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Cincinnati Financial by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 80 shares during the period. Hartford Investment Management Co. lifted its holdings in shares of Cincinnati Financial by 0.8% in the third quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock valued at $1,384,000 after purchasing an additional 80 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its position in shares of Cincinnati Financial by 4.3% in the second quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock worth $271,000 after buying an additional 95 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CINF. Bank of America upped their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $135.00 in a report on Friday, June 28th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Roth Mkm upped their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.29.

Cincinnati Financial Stock Up 2.2 %

NASDAQ CINF traded up $3.01 during trading on Friday, reaching $141.25. The company’s stock had a trading volume of 857,205 shares, compared to its average volume of 708,543. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $22.11 billion, a PE ratio of 9.40, a PEG ratio of 2.62 and a beta of 0.66. Cincinnati Financial Co. has a 1-year low of $96.86 and a 1-year high of $142.25. The business has a 50-day moving average price of $136.06 and a 200-day moving average price of $125.23.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS. On average, research analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is 21.56%.

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.