Stock Short Interest Filing: Cincinnati Financial (NASDAQ:CINF) Could Burn Your Long Portfolio After More Shorts

November 28, 2016 - By Dolores Ford   ·   0 Comments

Stock Short Interest Filing: Cincinnati Financial (NASDAQ:CINF) Could Burn Your Long Portfolio After More Shorts

The stock of Cincinnati Financial (NASDAQ:CINF) registered an increase of 13.04% in short interest. CINF’s total short interest was 3.95M shares in November as published by FINRA. Its up 13.04% from 3.50 million shares, reported previously. With 631,700 shares average volume, it will take short sellers 6 days to cover their CINF’s short positions. The short interest to Cincinnati Financial’s float is 2.52%. About 443,890 shares traded hands. Cincinnati Financial Corporation (NASDAQ:CINF) has risen 18.77% since April 25, 2016 and is uptrending. It has outperformed by 12.76% the S&P500.

Cincinnati Financial Corporation is an insurance holding company. The company has a market cap of $12.77 billion. The Firm is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It has a 19.72 P/E ratio. It operates through five divisions: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.01, from 1.16 in 2016Q1. The ratio improved, as 31 funds sold all Cincinnati Financial Corporation shares owned while 152 reduced positions. 41 funds bought stakes while 172 increased positions. They now own 98.43 million shares or 7.43% less from 106.33 million shares in 2016Q1.
Euclid Advsrs Limited Liability Co owns 18,643 shares or 0.06% of their US portfolio. Mitsubishi Ufj Secs accumulated 0.02% or 190 shares. The New York-based Rafferty Asset Ltd Liability has invested 0.08% in Cincinnati Financial Corporation (NASDAQ:CINF). Mitchell Sinkler And Starr Pa owns 16,164 shares or 1.65% of their US portfolio. Hightower Ltd has 0.02% invested in the company for 16,708 shares. Moreover, Cornerstone Capital Mgmt Holdg Limited Liability Company has 0.02% invested in Cincinnati Financial Corporation (NASDAQ:CINF) for 36,548 shares. Moreover, Global X Management Co Lc has 0.01% invested in Cincinnati Financial Corporation (NASDAQ:CINF) for 2,407 shares. Canada Pension Plan Invest Board accumulated 0% or 6,900 shares. Teachers Retirement System Of The State Of Kentucky has invested 0.02% of its portfolio in Cincinnati Financial Corporation (NASDAQ:CINF). The California-based Analytic Invsts Limited Liability Company has invested 0.12% in Cincinnati Financial Corporation (NASDAQ:CINF). Macquarie Gru, a Australia-based fund reported 4,700 shares. Plante Moran Fincl Advsr Ltd Co reported 252 shares or 0.01% of all its holdings. Old Commercial Bank In holds 0.05% of its portfolio in Cincinnati Financial Corporation (NASDAQ:CINF) for 10,619 shares. Moreover, Wealth Enhancement Advisory Limited Liability has 0.28% invested in Cincinnati Financial Corporation (NASDAQ:CINF) for 21,033 shares. Sumitomo Mitsui Tru last reported 0.06% of its portfolio in the stock.

Insider Transactions: Since June 3, 2016, the stock had 3 insider purchases, and 0 sales for $54,257 net activity. Debbink Dirk J bought $10,007 worth of stock or 144 shares. Osborn David P also bought $34,218 worth of Cincinnati Financial Corporation (NASDAQ:CINF) on Friday, November 4.

Cincinnati Financial Corporation (NASDAQ:CINF) Ratings Coverage

Out of 3 analysts covering Cincinnati Fincl (NASDAQ:CINF), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Cincinnati Fincl has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was maintained by M Partners on Thursday, June 9 with “Buy”. The company was maintained on Friday, July 15 by M Partners. RBC Capital Markets maintained Cincinnati Financial Corporation (NASDAQ:CINF) rating on Thursday, April 28. RBC Capital Markets has “Sector Perform” rating and $66 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, October 29 report. The firm has “Sell” rating by Deutsche Bank given on Friday, July 31. On Wednesday, September 2 the stock rating was initiated by M Partners with “Buy”. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

CINF Company Profile

Cincinnati Financial Corporation, incorporated on March 4, 1992, is an insurance holding company. The Firm is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. The Firm operates through five divisions: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments. The Firm operates through its three subsidiaries: The Cincinnati Insurance Company, CSU Producer Resources Inc. and CFC Investment Company. The Cincinnati Insurance Company owns over four additional insurance subsidiaries. The Company’s market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business, homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company, which provides life insurance, disability income policies and fixed annuities, and The Cincinnati Specialty Underwriters Insurance Company, which offers excess and surplus lines insurance products.

More important recent Cincinnati Financial Corporation (NASDAQ:CINF) news were published by: Prnewswire.com which released: “Cincinnati Financial Corporation Subsidiaries Announce Appointments and Promotions” on February 01, 2016, also Investorplace.com published article titled: “3 Big Stock Charts: Cincinnati Financial Corporation (CINF), Twitter Inc (TWTR …”, Investorplace.com published: “3 Big Stock Charts for Monday: Cincinnati Financial Corporation (CINF), PNC …” on August 29, 2016. More interesting news about Cincinnati Financial Corporation (NASDAQ:CINF) was released by: Investorplace.com and their article: “Friday’s Big Stock Charts: Amazon.com, Inc. (AMZN), Cincinnati Financial …” with publication date: June 24, 2016.

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By Dolores Ford


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