Do Hedge Funds and Insiders Love Cincinnati Financial Corporation (CINF)?

Is Cincinnati Financial Corporation (NASDAQ:CINF) a buy right now? Investors who are in the know are selling. The number of long hedge fund positions were cut by 6 recently.

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With all of this in mind, it’s important to take a gander at the latest action surrounding Cincinnati Financial Corporation (NASDAQ:CINF).

What have hedge funds been doing with Cincinnati Financial Corporation (NASDAQ:CINF)?

At the end of the first quarter, a total of 9 of the hedge funds we track were bullish in this stock, a change of -40% from the first quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their stakes considerably.

Cincinnati Financial Corporation (CINF)When looking at the hedgies we track, First Eagle Investment Management, managed by Jean-Marie Eveillard, holds the biggest position in Cincinnati Financial Corporation (NASDAQ:CINF). First Eagle Investment Management has a $453.5 million position in the stock, comprising 1.5% of its 13F portfolio. Coming in second is Winton Capital Management, managed by David Harding, which held a $35.6 million position; 0.6% of its 13F portfolio is allocated to the company. Other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Chuck Royce’s Royce & Associates and Ken Griffin’s Citadel Investment Group.

Seeing as Cincinnati Financial Corporation (NASDAQ:CINF) has experienced a declination in interest from hedge fund managers, it’s easy to see that there lies a certain “tier” of fund managers that decided to sell off their full holdings at the end of the first quarter. Intriguingly, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners dumped the largest investment of all the hedgies we monitor, totaling an estimated $1.4 million in stock.. Steven Cohen’s fund, SAC Capital Advisors, also dumped its stock, about $0.7 million worth. These moves are important to note, as aggregate hedge fund interest dropped by 6 funds at the end of the first quarter.

How have insiders been trading Cincinnati Financial Corporation (NASDAQ:CINF)?

Insider buying is particularly usable when the primary stock in question has experienced transactions within the past half-year. Over the last six-month time frame, Cincinnati Financial Corporation (NASDAQ:CINF) has experienced 1 unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Cincinnati Financial Corporation (NASDAQ:CINF). These stocks are Alleghany Corporation (NYSE:Y), XL Group plc (NYSE:XL), Cna Financial Corp (NYSE:CNA), Arch Capital Group Ltd. (NASDAQ:ACGL), and Everest Re Group Ltd (NYSE:RE). This group of stocks are the members of the property & casualty insurance industry and their market caps are closest to CINF’s market cap.