Cincinnati Financial Corp (CINF)
Financials · Property & Casualty Insurance · US stock · S&P 500 component
$178.28
▲ +4.65 (2.68%)
Fair valueFair
$178 −0.4% to fair value
$89fair band $151–$215$266
Day's range
$174.49 – $178.72
52-week range
$150.00 – $194.81
About Cincinnati Financial Corp
Cincinnati Financial is an insurance holding company whose main subsidiary sells commercial, personal and specialty property and casualty insurance through independent agents, mainly in the United States. It also offers life insurance and surplus lines coverage, and holds a large investment portfolio including equities. Revenue comes from premiums and investment income, so catastrophe losses and market movements affect results.
Revenue at Cincinnati Financial Corp was $14.0 billion across the last twelve months. Across three years, sales expanded by 24.4% a year. Operating profit was 30.2% of revenue. It earned a return on invested capital of 22%. Shareholders receive a dividend yielding 2.1%. On the site's X-Ray Score, it rates 60 out of 100.
Price chart
52-wk range $150.00 – $194.81Volume 630,244Daily, split-adjusted
Vitals
Market cap$27.8B
52-week range$150.00 – $194.81
Volume (last day)630,244
P/E (TTM)8.4
EBIT / EV yield15.7%
Free-cash-flow yield12.2%
Dividend yield2.1%
Revenue (TTM)$14.0B
Net income (TTM)$3.3B
Operating margin30.2%
Return on capital21.5%
Debt incl. leases$859M
Cash & securities$1.9B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$178middle half of models $175 – $179
Fair
−0.4% to fair value
Average of the 3 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $178
Undervalued < $151Fair $151 – $215Overvalued > $215
P/E multiple
$183
P/B multiple
$175
P/S multiple
$175
Dividend discount, multi-stage · not used
$465
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
63/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield15.7%
Free-cash-flow yield12.2%
Fair value vs price1.0×
Growth
Fair
62/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)24.4%
Growth consistency70%
Profitability
Weak
49/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital21.5%
Operating margin30.2%
Financial health
Fair
66/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA-0.2×
Interest coverNo interest cost
Dividends
Fair
66/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.1%
Dividends vs free cash flow17%
Dividend growth7.5%
Quarterly results: last 6 quarters
-12.6%
Mar '25
+27.7%
Jun '25
+12.2%
Sep '25
+21.8%
Dec '25
+11.6%
Mar '26
+31.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.3B, diluted EPS $8.05.
Compare with peers
PGR Progressive Corp69 HIG Hartford Insurance Gro...64 ACGL Arch Capital Group Ltd...61 WRB Berkley W R Corp57Other Property & Casualty Insurance companies by X-Ray Score.
SWOT analysis: Cincinnati Financial Corp
Strengthsinside the company
- Operating margin of 30.2% is well above the 18.0% median of industry peers, a sign of pricing power or lower costs.
- Revenue has grown 24.4% a year over three years (median 9.8% for industry peers).
- Free cash flow equals 12.2% of the market value, which funds dividends, buybacks or debt paydown.
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Dividends use only 17% of free cash flow, which leaves room to raise them.
- Our Market Compass rates the backdrop for Financials as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Revenue growth slowed to 11.4% last year from 24.4% a year over three years.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare CINF with peers and sector
Medians of 7 Property & Casualty Insurance peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): CB 50, PGR 69, TRV 52, ALL 54, HIG 64, ACGL 61.
| Metric | CINF | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 60 | 57 | 50 |
| Valuation | 63 | 62 | 52 |
| Growth | 62 | 63 | 54 |
| Profitability | 49 | 63 | 48 |
| Financial health | 66 | 55 | 50 |
| Dividends | 66 | 60 | 54 |
Sector leaders: highest X-Ray Score in Financials
CINF ranks #14 of 71 in Financials and #4 of 8 in Property & Casualty Insurance by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for CINF
Each factor is rated by where CINF stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 5 Good · 2 Average · 0 Bad of 7
Growth: 2 · 0 · 0
Profitability: 1 · 1 · 0
Valuation: 2 · 1 · 0
| Factor | CINF | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +24.4% | Good beats 93% | +8.3% | – | – |
| Revenue growth, last year | +11.4% | Good beats 77% | +6.9% | +13.2% | ≈ In line |
| Profitability | |||||
| Net margin | 23.8% | Average beats 59% | 21.8% | 18.9% | ▲ Better |
| Return on equity | 20.0% | Good beats 68% | 15.7% | 15.2% | ▲ Better |
| Valuation | |||||
| P/E ratio | 8.3x | Good beats 89% | 13.8x | 9.4x | ≈ In line |
| Price / book | 1.7x | Average beats 65% | 2.2x | 1.5x | ≈ In line |
| Price / sales | 2.0x | Good beats 67% | 3.1x | 2.0x | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 6 Good · ● 4 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Piotroski F-ScoreAverage
Growth
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 63/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $9.6B | $6.6B | $10.0B | $11.3B | $12.6B |
| Operating income | $3.8B | −$641M | $2.3B | $2.9B | $3.0B |
| Net income | $3.0B | −$487M | $1.8B | $2.3B | $2.4B |
| Operating cash flow | $2.0B | $2.1B | $2.1B | $2.6B | $3.1B |
| Operating margin | 39.0% | -9.8% | 23.3% | 25.7% | 24.0% |
| Free cash flow | $2.0B | $2.0B | $2.0B | $2.6B | $3.1B |
| Diluted EPS | $18.24 | $-3.06 | $11.66 | $14.53 | $15.17 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 169.4 | Bullish |
| EMA 10 | 170.5 | Bullish |
| SMA 20 | 165.7 | Bullish |
| EMA 20 | 168.3 | Bullish |
| SMA 50 | 167.7 | Bullish |
| EMA 50 | 168.4 | Bullish |
| SMA 100 | 171.4 | Bullish |
| EMA 100 | 168.5 | Bullish |
| SMA 200 | 166.0 | Bullish |
| EMA 200 | 165.5 | Bullish |
Oscillators (daily)
| RSI (14) | 72.95 | Bearish |
| MACD (12, 26) | 1.84 | Bullish |
| Momentum (12) | 9.32 | Bullish |
| Stochastic %K (14) | 97.53 | Bearish |
| Williams %R (14) | -2.47 | Bearish |
| CCI (20) | 210.1 | Bearish |
Pivot points (classic, last session)
S3 171.4 | S2 172.9 | S1 175.6 | Pivot 177.2 | R1 179.8 | R2 181.4 | R3 184.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.69 USD
Yield on today's price
2.07%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.9400 | |
| 0.9400 | |
| 0.9400 | |
| 0.8700 | |
| 0.8700 | |
| 0.8700 | |
| 0.8700 | |
| 0.8100 | |
| 0.8100 | |
| 0.8100 | |
| 0.8100 | |
| 0.7500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold CINF
| ETF | Share of the fund |
|---|---|
| GQGU The Advisors’ Inner Circle Fund III | 2.30% |
| FTCS First Trust Capital Strength | 2.24% |
| KIE SPDR S&P Insurance | 1.99% |
| RDVY First Trust Rising Dividend Achievers | 1.55% |
| RDVI FT Cboe Vest Rising Dividend Achievers... | 1.49% |
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.41% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.39% |
| SDY SPDR S&P Dividend | 1.10% |
The eight funds with the largest weight in CINF among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
CINF stock splits
CINF has split its stock 6 times since 1992. The latest was a 21-for-20 split on 4 Apr 2005.
Full CINF stock split history →CINF SEC filings
8-KSEC EDGAR
Entered a material agreement
8-KSEC EDGAR
Regulation FD disclosure; Other events
8-KSEC EDGAR
Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.