Cincinnati Financial Corporation (CINF): Why its showing bull behavior?


Cincinnati Financial Corporation (NASDAQ:CINF) changes shares on Friday trading session, with a change of 0.06% or $0.04 shares. The trading starts at $63.00 and closed at $63.13 throughout the day. The trading session low price was $61.86 and day high was $64.49 on Friday, June 19. After the session, the Financial sector daily volume shifted to 6.75 million while its average volume is 1.40M. In other hand, the CINF market cap reached to $9.76B. While, its current target price is $63.17 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.51% and up 17.94% for month. Its quarterly performance was -15.81% below, while its half year performance is down -39.15%. CINF yearly performance stood at negative -40.37% and fall -39.92% for year-to-date. Current recommendation for Cincinnati Financial Corporation is 3.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CINF EPS (TTM) for 12-month is 0.32. EPS for this year is 593.30%, while for the next year its value is 3.64. Its EPS Q/Q reached -279.00%. It has an EPS of 30.80% up for past five years and for the next five years will be down -6.00%.

Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in Cincinnati Financial Corporation (CINF) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 20.51 million shares which valued 1.55 billion. On Mar 30, 2020, Blackrock Inc. owned 13.67 million shares which valued at 1.03 billion. On Mar 30, 2020, State Street Corporation has a total of 8.46 million shares which valued at 638.64 million. In the end, State Street Corporation have 5.26% shares outstanding of Cincinnati Financial Corporation (CINF) on Mar 30, 2020. The insider ownership moved to 1.80% and institutional holding shifted to 65.10%.

The company posted an EPS (TTM) of 0.32. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.67, while 0.85 EPS posted a year ago period. Analyst Estimated EPS for CINF published in the report was 0.51-0.89 during the same period. Comparing with last year, the average estimated EPS was 0.85 which is higher than 0.84 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CINF fall -33.49% for period of 200 days. SMA for 50 days was -3.69% which is showing red signal, while SMA-20 was 1.22%. The moving average value for Cincinnati Financial Corporation (CINF) is 86.88 and 59.08 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CINF stock. On Apr 29, Skidmore Douglas S, Director, bought 3,500 trading shares at the cost of $72.51, which valued at 0.25 million. On Apr 29, Debbink Dirk J, Director, bought 2,000 shares at the cost of $72.25, with total shares of 36,308. On Mar 12, Debbink Dirk J, Director, bought 1,150 shares at the cost of 85.10. After this transaction, Debbink Dirk J total shares reached to 34,070 which valued at 97865.0.