Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cincinnati Financial Corp shares valued at $157,188 were purchased by Debbink Dirk J on Dec 03 ’24. At $157.19 per share, Debbink Dirk J acquired 1,000 shares. The insider’s holdings grew to 54,500 shares worth approximately $7.29 million following the completion of this transaction.
Also, Schiff Charles Odell sold 6,000 shares, netting a total of over 782,623 in proceeds. Following the sale of shares at $130.44 each, the insider now holds 184,555 shares.
Before that, Osborn David P had added 2,000 shares to its account. In a trade valued at $223,283, the Director bought Cincinnati Financial Corp shares for $111.64 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $4.53 million.
As published in a research note from Citigroup on June 28, 2024, Cincinnati Financial Corp [CINF] has been rated up from a Neutral to a Buy and the price target has been revised to $135 from $126. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late March. As of December 14, 2023, Janney has initiated its “Neutral” rating for CINF. Earlier on November 22, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for CINF stock.
Analyzing CINF Stock Performance
During the last five days, there has been a drop of approximately -2.27%. Over the course of the year, Cincinnati Financial Corp shares have dropped approximately -6.98%. Shares of the company reached a 52-week high of $145.14 on 02/11/25 and a 52-week low of $132.24 on 02/12/25. A 50-day SMA is recorded $143.65, while a 200-day SMA reached $133.10. Nevertheless, trading volume fell to 0.94 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Cincinnati Financial Corp (CINF)
According to the 24-hour chart, there is a support level at 131.65, which, if violated, would cause prices to drop to 129.64. In the upper region, resistance lies at 136.28. The next price resistance is at 138.89. RSI (Relative Strength Index) is 39.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 88.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
