Axa S.A. Has $2.46 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Axa S.A. grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 338.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,147 shares of the insurance provider’s stock after purchasing an additional 13,236 shares during the period. Axa S.A.’s holdings in Cincinnati Financial were worth $2,464,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Mercer Global Advisors Inc. ADV boosted its stake in shares of Cincinnati Financial by 12.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,195 shares of the insurance provider’s stock valued at $11,380,000 after buying an additional 9,036 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Cincinnati Financial by 62.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider’s stock worth $90,166,000 after purchasing an additional 241,540 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth about $12,205,000. Bison Wealth LLC acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at about $210,000. Finally, Lido Advisors LLC increased its holdings in Cincinnati Financial by 2.4% in the fourth quarter. Lido Advisors LLC now owns 12,616 shares of the insurance provider’s stock worth $1,823,000 after buying an additional 293 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $146.67 on Friday. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $22.93 billion, a P/E ratio of 10.10, a P/E/G ratio of 8.30 and a beta of 0.73. The business’s 50 day moving average is $139.50 and its two-hundred day moving average is $142.71.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 EPS. On average, equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.37%. Cincinnati Financial’s dividend payout ratio (DPR) is 37.95%.

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.