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Cincinnati Financial Corp. (CINF) receives a Buy rating from Citigroup

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 $3.92 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 $5.96 million.

Citigroup upgraded its Cincinnati Financial Corp. [CINF] rating to a Buy from a a Neutral in a research note published on June 28, 2024; the price target was increased to $135 from $126. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late March from “a Market perform” to “an Outperform”. Janney began covering CINF with “Neutral” recommendation on December 14, 2023. Citigroup started covering the stock on November 22, 2023. It rated CINF as “a Neutral”.

Price Performance Review of CINF

On Friday, Cincinnati Financial Corp. [NASDAQ:CINF] saw its stock fall -0.87% to $115.70. Over the last five days, the stock has lost -0.84%. Cincinnati Financial Corp. shares have risen nearly 11.83% since the year began. Nevertheless, the stocks have risen 19.29% over the past one year. While a 52-week high of $124.35 was reached on 03/28/24, a 52-week low of $95.81 was recorded on 01/02/24. SMA at 50 days reached $116.42, while 200 days put it at $110.44. A total of 1.03 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For CINF Stock

The 24-hour chart illustrates a support level at 114.81, which if violated will result in even more drops to 113.93. On the upside, there is a resistance level at 116.52. A further resistance level may holdings at 117.34. The Relative Strength Index (RSI) on the 14-day chart is 48.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 51.66%. Stochastics%K at 57.03% indicates the stock is a holding.

The most recent change occurred on November 16, 2023 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating.

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