What is the best trade option for Cincinnati Financial Corporation (CINF) stock?

Cincinnati Financial Corporation [CINF] stock prices are up 3.13% to $110.87 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CINF shares have lost -3.52% over the last week, with a monthly amount drifted -11.85%, and not seem to be holding up well over a long-time horizon.

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On 6, February 2023, Cincinnati Financial Reports Fourth-Quarter and Full-Year 2022 Results. In a post published today on Yahoo Finance, Cincinnati Financial Corporation (Nasdaq: CINF) today reported:.

From an analyst’s perspective:

Cincinnati Financial Corporation [NASDAQ: CINF] stock has seen the most recent analyst activity on January 20, 2023, when BMO Capital Markets initiated its Market Perform rating and assigned the stock a price target of $106. Previously, BofA Securities started tracking the stock with Neutral rating on September 27, 2022, and set its price target to $92. On September 23, 2022, Raymond James initiated with a Mkt Perform rating. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $130 on December 09, 2021. Wolfe Research initiated its recommendation with a Outperform and recommended $148 as its price target on August 17, 2021. Piper Sandler upgraded its rating to Neutral for this stock on July 09, 2021, and upped its price target to $116. In a note dated June 16, 2020, Deutsche Bank upgraded an Hold rating on this stock but restated the target price of $63.

The stock price of Cincinnati Financial Corporation [CINF] has been fluctuating between $88.66 and $143.22 over the past year. Currently, Wall Street analysts expect the stock to reach $120.17 within the next 12 months. Cincinnati Financial Corporation [NASDAQ: CINF] shares were valued at $110.87 at the most recent close of the market. An investor can expect a potential return of 8.39% based on the average CINF price forecast.

Analyzing the CINF fundamentals

The most recent quarter, Cincinnati Financial Corporation [NASDAQ:CINF] reported sales of 3.11 billion, representing a drop of -6.30%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 106.68 points at the first support level, and at 102.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.03, and for the 2nd resistance point, it is at 115.20.

Cincinnati Financial Corporation [CINF] reported earnings per share of $1.27 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.31/share, meaning a difference of -$0.04 and a surprise factor of -3.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were $0.73 per share as compared to estimates of $0.67 per share, a difference of $0.06 representing a surprise of 9.00%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 1.53.

Transactions by insiders

Insider trading has also been a hot topic recently, with 21 insiders purchasing 339,184 shares and 10 selling 614,327 shares in the past 3 months. Recent insider trading involved Debbink Dirk J, Director, that happened on Dec 06 when 1000.0 shares were purchased. Director, Skidmore Douglas S completed a deal on Sep 01 to buy 565.0 shares. Meanwhile, Director Aaron Thomas J bought 1030.0 shares on Aug 03.