Boston Trust Walden Corp Grows Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Boston Trust Walden Corp increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,780 shares of the insurance provider's stock after acquiring an additional 18,192 shares during the quarter. Cincinnati Financial comprises approximately 0.8% of Boston Trust Walden Corp's portfolio, making the stock its 29th largest holding. Boston Trust Walden Corp owned about 0.51% of Cincinnati Financial worth $114,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in Cincinnati Financial by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock worth $787,076,000 after acquiring an additional 1,218,919 shares in the last quarter. Barclays PLC raised its stake in Cincinnati Financial by 13.1% during the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after acquiring an additional 61,801 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after acquiring an additional 147,542 shares in the last quarter. Vest Financial LLC raised its stake in Cincinnati Financial by 10.4% during the 3rd quarter. Vest Financial LLC now owns 418,066 shares of the insurance provider's stock worth $56,907,000 after acquiring an additional 39,349 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Cincinnati Financial by 583.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider's stock worth $52,531,000 after acquiring an additional 329,435 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CINF has been the topic of several research analyst reports. Piper Sandler lifted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Finally, Bank of America raised their price objective 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $143.33.

Insider Activity

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.83% of the company's stock.

Cincinnati Financial Stock Performance

Cincinnati Financial stock traded up $1.14 during midday trading on Thursday, hitting $137.91. 764,576 shares of the company's stock were exchanged, compared to its average volume of 705,457. The stock has a market cap of $21.56 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. The firm's 50 day simple moving average is $144.61 and its 200 day simple moving average is $139.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 12-month low of $104.78 and a 12-month high of $161.74.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.52%. Cincinnati Financial's payout ratio is presently 16.65%.

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.