Boston Trust Walden Corp Acquires 29,012 Shares of Cincinnati Financial Corporation $CINF

Boston Trust Walden Corp raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 833,789 shares of the insurance provider’s stock after acquiring an additional 29,012 shares during the quarter. Cincinnati Financial comprises 0.9% of Boston Trust Walden Corp’s portfolio, making the stock its 20th largest position. Boston Trust Walden Corp owned approximately 0.53% of Cincinnati Financial worth $124,168,000 as of its most recent SEC filing.

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

Cincinnati Financial Trading Down 0.7%

Shares of NASDAQ:CINF opened at $157.88 on Tuesday. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. 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 simple moving average is $155.27 and its 200 day simple moving average is $148.15. The firm has a market cap of $24.69 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 7.77 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CINF. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Roth Capital increased their target price on shares of 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 reiterated a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock 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.