Cincinnati Financial Corporation (NASDAQ:CINF) saw a downside of -1.20% to close Friday at $103.87 after subtracting -$1.26 on the day. The 5-day average trading volume is 495,940 shares of the company’s common stock. It has gained $107.77 in the past week and touched a new high 1 time within the past 5 days. An average of 764,320 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 722,904.
CINF’s 1-month performance is 1.28% or $4.14 on its low of $99.52 reached on 07/19/23. The company’s shares have touched a 52-week low of $88.66 and high of $130.66, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, CINF has achieved 1.45% or $1.48 and has reached a new high 13 times. However, the current price is down -20.50% from the 52-week high price.
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Insider Transactions
CINF stock investors last saw insider trading activity on Jun 01.Schiff Charles Odell (Director) most recently sold 20,000 shares at $102.74 per share on May 17. This transaction cost the insider $2,054,776.
Valuation Metrics
CINF stock has a beta of 0.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.76 while the price-to-book (PB) in the most recent quarter is 1.48, with the price to cash flow ratio at 7.83.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.08.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income grew 151.12% to $534.0 million, while revenue of $225.0 million was 57.87% off the previous quarter. Analysts expected CINF to announce $0.74 per share in earnings in its latest quarter, but it posted $1.21, representing a 63.50% surprise. Shareholders hold equity totaling $156.86 million.
Let’s look briefly at Cincinnati Financial Corporation (CINF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 35.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 6.59%.
The stock’s 5-day moving average is $105.43, reflecting a -3.43% or -$3.69 change from its current price. CINF is currently trading +1.28% above its 20-day SMA, -4.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.02% and SMA200 by+0.53%.
Stochastic %K and %D was 4.96% and 17.26% and the average true range (ATR) pointed at 1.87. The RSI (14) points at 45.21%, while the 14-day stochastic is at 2.85% with the period’s ATR at 1.98. The stock’s 9-day MACD Oscillator is pointing at -1.70 and -2.63 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cincinnati Financial Corporation (NASDAQ: CINF), Keefe Bruyette upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for CINF stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CINF as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is CINF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $115.00 and a high of $130.00, with their median price target at $125.00. Looking at these predictions, the average price target given by analysts is for Cincinnati Financial Corporation (CINF) stock is $122.80.
