Cincinnati Financial (CINF)
Writes agency-distributed property, casualty, specialty, reinsurance and life coverage.
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Writes commercial, personal and specialty property-and-casualty insurance through independent agencies, with additional reinsurance, life insurance and fixed annuities. Locally based underwriters and claims representatives support agency relationships, while underwriting results and an equity-heavy investment portfolio jointly shape earnings.
Writes commercial and personal property-and-casualty policies through appointed independent agencies across 46 states. Commercial lines cover business property, liability, auto, workers' compensation and specialty risks; personal lines include auto, homeowners, umbrella and Cincinnati Private Client. Cincinnati Specialty Underwriters handles excess-and-surplus business, while Cincinnati Re assumes reinsurance and Cincinnati Global underwrites specialty risks through Lloyd's Syndicate 318. Cincinnati Life adds life insurance and fixed annuities.
Pairs locally based field underwriting and claims teams with headquarters support, giving field representatives authority to assess risks and resolve covered claims near the agencies they serve. Investment income and gains supplement underwriting results, with common stocks forming a substantial part of the portfolio. Insurance subsidiaries are primarily state-regulated, while earnings remain exposed to catastrophe claims, reserve estimates and equity-market movements.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | B of A Securities | Downgrade | ||
| Jul 28, 2026 | Roth Capital | Reiterate | Rating: —Target: $190 | Target: $200 |
| Jul 15, 2026 | Atlantic Equities | Target | Target: — | Target: $197 |
| Jul 15, 2026 | Piper Sandler | Reiterate | Rating: —Target: $175 | Target: $197 |
| Jul 8, 2026 | Keefe, Bruyette & Woods | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $34.03B · Total debt $876.0M · Total assets $43.08B · Shareholders' equity $16.67B
- Revenue
- $4.27B
- Operating income
- $1.58B
- Net income
- $1.26B
HistoryDividendAnnual yield
| Institutions | 76.24% | 117.01M shares | |
|---|---|---|---|
| 972 holders · as of Jun 30, 2026 | |||
| Insiders | 1.37% | 2.10M shares | |
| 32 holders · as of Aug 27, 2026 | |||
| Other | 22.39% | 34.38M shares | |
| remainder | |||
153.48M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.22% | 12.61M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.60% | 10.12M | as of Jun 30, 2026 |
Aristotle Capital Management, LLCInstitution | 6.34% | 9.73M | filed Feb 14, 2022 |
State Street CorpInstitution | 5.56% | 8.54M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.31% | 8.15M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Dirk J. Debbink | director | +1,000 | $171.64 |
| Aug 3, 2026 | Charles Odell Schiff | director | −7,600 | $175.40 |
| Feb 11, 2026 | Dirk J. Debbink | director | +1,000 | $162.58 |
| Dec 3, 2025 | Edward Scott Wilkins | director | +140 | $163.77 |
| Oct 28, 2025 | Dirk J. Debbink | director | +1,000 | $153.98 |
- Travelers
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- Chubb
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- The Hartford
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- W. R. Berkley
Decentralized specialty/E&S insurer; commercial, E&S, and HNW personal overlap.
- The Hanover Insurance Group
Select-agency P&C; overlaps commercial, specialty, and personal lines.
- Selective Insurance Group
Exclusive independent-agency pure-play; direct commercial and personal peer.
- Erie Indemnity
Exclusive-agency insurer (mgmt co.); commercial and personal in Midwest.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cincinnati Financial | $164.06 | −1.07% | $25.45B | 7.8 | 18.7 | 1.8 | −18.9% |
| Travelers | $365.07 | +0.85% | $75.51B | 9.7 | 12.2 | 1.5 | −4.8% |
| Chubb | $336.51 | +0.22% | $129.54B | 11.8 | 12.0 | 2.1 | −1.3% |
| The Hartford | $128.50 | −0.18% | $35.29B | 8.4 | 9.8 | 1.2 | +4.0% |
| W. R. Berkley | $68.20 | +0.04% | $25.38B | 14.0 | 14.4 | 1.4 | +1.2% |
| The Hanover Insurance Group | $220.68 | +1.04% | $7.61B | 10.5 | 11.6 | 1.1 | +0.4% |
| Selective Insurance Group | $87.22 | −0.52% | $5.23B | 10.9 | 10.2 | 1.0 | −8.0% |
| Erie Indemnity | $229.54 | −2.07% | $10.83B | 21.3 | — | 2.6 | +2.8% |
| Median | 10.9 | 11.8 | 1.4 | +0.4% |