Boston Trust Walden Corp Sells 48,333 Shares of Cincinnati Financial Corporation $CINF

Boston Trust Walden Corp lessened its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 5.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 785,456 shares of the insurance provider’s stock after selling 48,333 shares during the quarter. Cincinnati Financial makes up approximately 0.9% of Boston Trust Walden Corp’s investment portfolio, making the stock its 18th largest holding. Boston Trust Walden Corp owned approximately 0.50% of Cincinnati Financial worth $124,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CINF. Quintet Private Bank Europe S.A. acquired a new stake in shares of Cincinnati Financial during the second quarter worth $25,000. AlphaQuest LLC lifted its holdings in Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after buying an additional 200 shares during the period. Carderock Capital Management Inc. bought a new stake in Cincinnati Financial during the second quarter valued at $45,000. CYBER HORNET ETFs LLC acquired a new stake in Cincinnati Financial during the 2nd quarter worth about $60,000. Finally, GoalVest Advisory LLC raised its position in shares of Cincinnati Financial by 58.9% in the 2nd quarter. GoalVest Advisory LLC now owns 410 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CINF. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Piper Sandler boosted their price target on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 22nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.00.

Cincinnati Financial Trading Down 0.7%

Shares of Cincinnati Financial stock opened at $164.79 on Monday. The stock has a market capitalization of $25.71 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 4.31 and a beta of 0.69. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $169.86. The stock has a 50 day moving average price of $162.59 and a two-hundred day moving average price of $155.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the firm earned $1.42 earnings per share. Cincinnati Financial’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is 25.89%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the acquisition, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.83% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.