Boston Trust Walden Corp Buys 18,192 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Boston Trust Walden Corp increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 795,780 shares of the insurance provider’s stock after purchasing an additional 18,192 shares during the period. Cincinnati Financial comprises about 0.8% of Boston Trust Walden Corp’s holdings, making the stock its 29th biggest position. Boston Trust Walden Corp’s holdings in Cincinnati Financial were worth $114,354,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC boosted its holdings in shares of Cincinnati Financial by 177.8% during the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock valued at $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC bought a new position in Cincinnati Financial during the third quarter valued at approximately $546,000. JPMorgan Chase & Co. grew its holdings in Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Cincinnati Financial by 10.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock worth $15,923,000 after acquiring an additional 11,282 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after acquiring an additional 5,097 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CINF. Bank of America boosted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $137.05 on Monday. The firm has a market capitalization of $21.42 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. Cincinnati Financial Co. has a 12-month low of $104.78 and a 12-month high of $161.74. The firm has a 50-day moving average price of $146.00 and a 200-day moving average price of $139.72. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 16.65%.

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.