Cincinnati Financial Corporation (CINF) has been under a strong bear grip, hence the stock is down -2.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.24% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.67% in the last 1 week, and is up 0.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cincinnati Financial Corporation (NASDAQ:CINF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.30 and $75.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.95, notching a gain of 1.17% for the day. The total traded volume was 731,305 . The stock had closed at $75.07 on the previous day.
The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 4.88%. Cincinnati Financial Corp. is up 14.54% in the last 3-month period. Year-to-Date the stock performance stands at 30.21%.
Cincinnati Financial Corporation (CINF) : The most positive equity analysts on Cincinnati Financial Corporation (CINF) expects the shares to touch $90, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $72 with an expected fluctuation of $15.88 from the mean.
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in 39 states. The Company operates through five segments: Commercial lines, Personal lines, Excess and surplus lines, Life insurance and Investments. It operates through its three subsidiaries: The Cincinnati Insurance Company, CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business, homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company, which provides life insurance, disability income policies and fixed annuities, and The Cincinnati Specialty Underwriters Insurance Company, which offers excess and surplus lines insurance products.