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Cincinnati Financial Corp. [CINF] Investment Appeal on the Rise

Cincinnati Financial Corp.’s filing revealed that its Director Osborn David P acquired Company’s shares for reported $0.22 million on Apr 29 ’24. In the deal valued at $111.64 per share,2,000 shares were bought. As a result of this transaction, Osborn David P now holds 33,919 shares worth roughly $4.01 million.

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Then, Debbink Dirk J bought 1,000 shares, generating $113,470 in total proceeds. Upon buying the shares at $113.47, the Director now owns 53,988 shares.

Before that, Debbink Dirk J bought 2,000 shares. Cincinnati Financial Corp. shares valued at $205,960 were divested by the Director at a price of $102.98 per share. As a result of the transaction, Debbink Dirk J now holds 51,542 shares, worth roughly $6.09 million.

BMO Capital Markets upgraded its Cincinnati Financial Corp. [CINF] rating to an Outperform from a a Market perform in a research note published on March 25, 2024; the price target was increased to $135 from $125. A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Citigroup began covering CINF with “Neutral” recommendation on November 22, 2023. Oppenheimer started covering the stock on November 16, 2023. It rated CINF as “a Perform”.

Price Performance Review of CINF

On Tuesday, Cincinnati Financial Corp. [NASDAQ:CINF] saw its stock fall -0.10% to $118.21. Over the last five days, the stock has gained 0.86%. Cincinnati Financial Corp. shares have risen nearly 14.26% since the year began. Nevertheless, the stocks have risen 14.14% over the past one year. While a 52-week high of $124.35 was reached on 03/28/24, a 52-week low of $95.01 was recorded on 01/02/24. SMA at 50 days reached $118.57, while 200 days put it at $108.73. A total of 0.33 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For CINF Stock

The 24-hour chart illustrates a support level at 117.67, which if violated will result in even more drops to 117.14. On the upside, there is a resistance level at 118.89. A further resistance level may holdings at 119.58. The Relative Strength Index (RSI) on the 14-day chart is 51.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.93%. Stochastics %K at 79.99% indicates the stock is a holding.

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