Boston Trust Walden Corp lessened its position in Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) by 2.5% during the first quarter, Holdings Channel reports. The institutional investor owned 755,847 shares of the insurance provider’s stock after selling 19,366 shares during the quarter. Cincinnati Financial comprises approximately 1.0% of Boston Trust Walden Corp’s portfolio, making the stock its 13th largest holding. Boston Trust Walden Corp’s holdings in Cincinnati Financial were worth $118,933,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Lodestone Wealth Management LLC bought a new position in shares of Cincinnati Financial in the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $29,000. DV Equities LLC bought a new position in Cincinnati Financial during the fourth quarter worth about $36,000. Legacy Wealth Managment LLC ID raised its stake in Cincinnati Financial by 78.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after buying an additional 108 shares during the period. Finally, SHP Wealth Management bought a new stake in Cincinnati Financial in the fourth quarter valued at approximately $44,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Stock Performance
Shares of CINF stock opened at $192.03 on Friday. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 4.04 and a beta of 0.54. Cincinnati Financial Corporation has a 12 month low of $143.87 and a 12 month high of $192.09. The business’s 50-day moving average price is $167.99 and its 200-day moving average price is $164.78. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06.
Cincinnati Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is currently 21.50%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Bank of America cut their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Roth Mkm boosted their price target on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Piper Sandler increased their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $183.25.
Read Our Latest Stock Analysis on CINF
Cincinnati Financial Profile
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.
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