Analyzing the Recent Price Decline of CINF

This afternoon we watched Cincinnati Financial drop -6.8% to a price of $110.34 per share. The Large-Cap Property & Casualty Insurance company is now trading -15.86% below its average target price of $131.14. Analysts have set target prices ranging from $116.0 to $143.0 per share for Cincinnati Financial, and have given the stock an average rating of buy.

The stock has a very low short interest at 1.5%, and a short ratio of 1.84. The company's insiders own 1.54% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 66.4% of Cincinnati Financial's shares being owned by this investor type.

Institutions Invested in Cincinnati Financial

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 12% 19,174,372 $2,115,796,101
2023-12-31 Blackrock Inc. 8% 12,157,971 $1,341,571,324
2023-12-31 State Street Corporation 6% 9,700,509 $1,070,402,677
2023-12-31 Geode Capital Management, LLC 2% 3,544,433 $391,110,463
2023-12-31 London Company of Virginia, (The) 2% 2,658,948 $293,401,620
2023-12-31 Bank of America Corporation 1% 1,997,696 $220,435,767
2023-12-31 Royal Bank of Canada 1% 1,980,329 $218,519,405
2023-12-31 Morgan Stanley 1% 1,750,110 $193,115,890
2023-12-31 Norges Bank Investment Management 1% 1,733,083 $191,237,045
2023-12-31 Northern Trust Corporation 1% 1,628,071 $179,649,496

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Cincinnati Financial.

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.