A Reversal for Cincinnati Financial (NASDAQ:CINF) Is Near. The Stock Has Decrease in Shorts

September 17, 2017 - By Kurt Siggers

 A Reversal for Cincinnati Financial (NASDAQ:CINF) Is Near. The Stock Has Decrease in Shorts

Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.19, from 1.17 in 2016Q3. It turned negative, as 39 investors sold Cincinnati Financial Corporation shares while 171 reduced holdings. 54 funds opened positions while 152 raised stakes. 101.39 million shares or 4.23% more from 97.28 million shares in 2016Q3 were reported.
45,305 are held by Peninsula Asset Mngmt. Jane Street Gp Limited Company holds 0.01% or 22,487 shares. D E Shaw & owns 0.01% invested in Cincinnati Financial Corporation (NASDAQ:CINF) for 112,343 shares. Amp Ltd has 0.03% invested in Cincinnati Financial Corporation (NASDAQ:CINF) for 67,785 shares. Gemmer Asset Mgmt Lc reported 0.01% in Cincinnati Financial Corporation (NASDAQ:CINF). Andra Ap has invested 0.4% of its portfolio in Cincinnati Financial Corporation (NASDAQ:CINF). Tennessee-based Moon Cap Management Lc has invested 0% in Cincinnati Financial Corporation (NASDAQ:CINF). 81 were accumulated by Independent Portfolio Consultants. Canada Pension Plan Board accumulated 51 shares. Bnp Paribas Arbitrage Sa holds 0.03% or 80,151 shares. The Tennessee-based Livingston Grp Inc Asset Mngmt Com (Operating As Southport Capital Management) has invested 0.82% in Cincinnati Financial Corporation (NASDAQ:CINF). Renaissance Techs Ltd has 220,400 shares for 0.03% of their portfolio. Transamerica Financial Advsr Inc reported 101,259 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0% invested in Cincinnati Financial Corporation (NASDAQ:CINF) for 23,355 shares. Utd Svcs Automobile Association has invested 0.01% of its portfolio in Cincinnati Financial Corporation (NASDAQ:CINF).

Since May 8, 2017, it had 2 insider buys, and 0 insider sales for $144,764 activity. $134,753 worth of Cincinnati Financial Corporation (NASDAQ:CINF) was bought by Osborn David P.

The stock of Cincinnati Financial (NASDAQ:CINF) registered a decrease of 7% in short interest. CINF’s total short interest was 3.85M shares in September as published by FINRA. Its down 7% from 4.14M shares, reported previously. With 452,100 shares average volume, it will take short sellers 9 days to cover their CINF’s short positions. The short interest to Cincinnati Financial’s float is 2.45%.

The stock decreased 0.53% or $0.4 on September 15, reaching $75.22. About 1.39M shares traded or 173.11% up from the average. Cincinnati Financial Corporation (NASDAQ:CINF) has risen 2.05% since September 17, 2016 and is uptrending. It has underperformed by 14.65% the S&P500.

Cincinnati Financial Corporation is an insurance holding company. The company has market cap of $12.33 billion. It operates through five divisions: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. It has a 21.54 P/E ratio. The Company’s Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

Cincinnati Financial Corporation (NASDAQ:CINF) Ratings Coverage

Among 4 analysts covering Cincinnati Fincl (NASDAQ:CINF), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Cincinnati Fincl had 12 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, October 29. The stock of Cincinnati Financial Corporation (NASDAQ:CINF) earned “Buy” rating by M Partners on Friday, July 15. Keefe Bruyette & Woods maintained the shares of CINF in report on Thursday, August 17 with “Hold” rating. The company was maintained on Thursday, July 30 by RBC Capital Markets. The stock has “Buy” rating by M Partners on Wednesday, September 2. RBC Capital Markets maintained the shares of CINF in report on Thursday, April 28 with “Sector Perform” rating. The firm earned “Hold” rating on Tuesday, September 5 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Monday, June 26 report. The stock of Cincinnati Financial Corporation (NASDAQ:CINF) has “Sell” rating given on Friday, July 31 by Deutsche Bank. As per Monday, July 31, the company rating was maintained by RBC Capital Markets.

More recent Cincinnati Financial Corporation (NASDAQ:CINF) news were published by: Nasdaq.com which released: “Cincinnati Financial (CINF) on Growth Gear: Should You Hold?” on September 05, 2017. Also Bizjournals.com published the news titled: “Hurricane Irma already slams Cincinnati Financial” on September 06, 2017. Investorplace.com‘s news article titled: “3 Big Stock Charts for Monday: Chubb Ltd (CB), Allstate Corp (ALL) and …” with publication date: September 11, 2017 was also an interesting one.

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