5 Undervalued Dividend Kings To Buy In 2022

4. Cincinnati Financial Corporation (NASDAQ:CINF)

Dividend Yield as of February 24: 2.31%

Number of Hedge Fund Holders: 26

Number of Years of Consecutive Dividend Increases: 61

P/E Ratio: 6.59

Headquartered in Fairfield, Ohio, Cincinnati Financial Corporation (NASDAQ:CINF) offers property casualty insurance products in the United States. The company has paid consecutively increasing dividends for 61 years, and delivers a yield of 2.31% as of February 24. It is one of the most undervalued dividend kings to buy in 2022, with a price to earnings ratio of 6.59. 

Cincinnati Financial Corporation (NASDAQ:CINF) announced its fourth quarter earnings on February 15, posting an EPS of $1.97, above consensus by $0.61. Revenue for the period jumped 23.35% year-over-year to $3.32 billion, outperforming estimates by $1.55 billion. The fourth quarter results were helped by a boost in earned premiums and investment income.

On January 28, Cincinnati Financial Corporation (NASDAQ:CINF) reported a $0.69 per share quarterly dividend, a 9.5% increase from its prior dividend of $0.63. The dividend will be paid on April 15, to shareholders of record on March 18. 

Select Equity Group held the biggest position in Cincinnati Financial Corporation (NASDAQ:CINF) in Q4 2021, with more than 3 million shares worth $356.8 million. Overall, 26 hedge funds held long positions in Cincinnati Financial Corporation (NASDAQ:CINF) according to the Q4 database of Insider Monkey.