Cincinnati Financial Corporation (CINF) : Traders are bullish on Cincinnati Financial Corporation (CINF) as it has outperformed the S&P 500 by a wide margin of 2.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.17% in the last 1 week, and is up 2.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 3.5%.The 200 Day SMA reached 18.51%. Cincinnati Financial Corp. is up 12.98% in the last 3-month period. Year-to-Date the stock performance stands at 33.46%.
Cincinnati Financial Corporation (NASDAQ:CINF): After opening at $77.73, the stock dipped to an intraday low of $77.08 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.89 and the buying power remained strong till the end. The stock closed at $77.85 for the day, a gain of 0.76% for the day session. The total traded volume was 366,726. The stocks close on the previous trading day was $77.26.
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.