Understanding CINF's Price Drop Friday

Cincinnati Financial stock is trading -10.43% below its average target price of $119.17 after dropping -3.4% during today's afternoon session. Analysts are giving the large-cap Property & Casualty Insurance company an average rating of hold and target prices ranging from $106.0 to $130.0 per share.

Cincinnati Financial's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 2.58. The company's insiders own 1.58% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 68.9%. In conclusion, we believe there is mixed market sentiment regarding Cincinnati Financial.

Institutions Invested in Cincinnati Financial

Date Reported Holder Percentage Shares Value
2022-12-31 Vanguard Group, Inc. (The) 12% 19,410,493 $2,071,875,981
2022-12-31 Blackrock Inc. 8% 12,026,065 $1,283,662,152
2022-12-31 State Street Corporation 6% 9,533,601 $1,017,616,550
2022-12-31 Aristotle Capital Management, LLC 6% 9,082,339 $969,448,845
2022-12-31 Charles Schwab Investment Management, Inc. 2% 3,334,877 $355,964,763
2022-12-31 Geode Capital Management, LLC 2% 3,276,159 $349,697,204
2022-12-31 Bank of America Corporation 2% 2,995,683 $319,759,197
2022-12-31 London Company of Virginia, (The) 2% 2,722,116 $290,558,656
2022-12-31 Royal Bank of Canada 1% 2,320,694 $247,710,872
2022-12-31 Northern Trust Corporation 1% 1,773,139 $189,264,853
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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