This afternoon we watched Cincinnati Financial rise 3.4% to a price of $140.22 per share. The Large-Cap Property & Casualty Insurance company is now trading -9.05% below its average target price of $154.17. Analysts have set target prices ranging from $126.0 to $180.0 per share for Cincinnati Financial, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.6%, and a short ratio of 3.07. The company's insiders own 1.61% 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 68.3% of Cincinnati Financial's shares being owned by this investor type.
Institutions Invested in Cincinnati Financial
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 12% | 18,994,288 | $2,663,359,957 |
| 2024-12-31 | Blackrock Inc. | 8% | 12,863,424 | $1,803,696,374 |
| 2024-09-30 | State Street Corporation | 6% | 8,887,801 | $1,246,238,516 |
| 2024-12-31 | Charles Schwab Investment Management, Inc. | 4% | 6,006,254 | $842,190,894 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 3,744,317 | $525,024,363 |
| 2024-09-30 | London Company of Virginia, (The) | 2% | 2,453,263 | $343,994,070 |
| 2024-09-30 | Bank of America Corporation | 1% | 1,964,294 | $275,431,328 |
| 2024-09-30 | Royal Bank of Canada | 1% | 1,846,389 | $258,898,808 |
| 2024-09-30 | Invesco Ltd. | 1% | 1,826,607 | $256,124,996 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 1,777,566 | $249,248,516 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Cincinnati Financial.
