Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Axa S.A.

AXA S.A. grew its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 338.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,147 shares of the insurance provider's stock after buying an additional 13,236 shares during the quarter. AXA S.A.'s holdings in Cincinnati Financial were worth $2,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Oak Thistle LLC lifted its holdings in shares of Cincinnati Financial by 177.8% during the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock valued at $1,232,000 after purchasing an additional 5,485 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock valued at $26,019,000 after buying an additional 5,097 shares during the last quarter. New York Life Investment Management LLC boosted its position in Cincinnati Financial by 11.5% in the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock worth $3,322,000 after purchasing an additional 2,383 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Cincinnati Financial during the fourth quarter worth $4,935,000. Finally, AEGON ASSET MANAGEMENT UK Plc raised its holdings in Cincinnati Financial by 25.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider's stock worth $50,652,000 after purchasing an additional 70,408 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

CINF stock traded down $2.19 during midday trading on Wednesday, reaching $146.37. The stock had a trading volume of 119,042 shares, compared to its average volume of 662,969. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75. The company has a market cap of $22.88 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company's fifty day simple moving average is $139.88 and its 200 day simple moving average is $142.93.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 earnings per share. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Roth Mkm boosted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and an average target price of $147.40.

About Cincinnati Financial

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.