CINF Cincinnati Financial Corp.
Cincinnati Financial Corp. provides property casualty and life insurance services. It operates through the following segments: Commercial Lines Insurance, Personal Lines Insurance, Excess & Surplus Lines Insurance, Life Insurance and Investments. The Commercial Lines Insurance segment includes commercial casualty, commercial property, commercial auto, worker's compensation, and other commercial lines insurance. The Personal Lines Insurance segment manages personal auto, homeowner, and other personal lines insurance. The Excess & Surplus Lines Insurance segment covers business risks such as the nature of the business or its claim history, that are difficult to profitably insure in the standard commercial lines market. The Life Insurance segment offers term life insurance, universal life insurance, worksite products, and whole life insurance services. The Investment segment generates revenue from the fixed-maturity investment and equity investment. The company was founded by John Jack Schiff Sr., Robert Cleveland Schiff, and Harry M. Turner in 1968 and is headquartered in Fairfield, OH.
Company profile
Ticker
CINF
Exchange
Website
CEO
Steven J. Johnston
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
310746871
CINF stock data
()
Investment data
| Top 50 of 51 long holdings End of quarter 31 Mar 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $297.27M | 1.17M | 1.17M | 0 | |
| $173.26M | 1M | 1M | 0 | |
| $147.14M | 932.95K | 932.95K | 0 | |
| $116.92M | 468.82K | 468.82K | 0 | |
| $112.05M | 837.5K | 837.5K | 0 | |
| $96.17M | 2.45M | 2.45M | 0 | |
| $86.6M | 1.16M | 1.16M | 0 | |
| $85.8M | 587.69K | 587.69K | 0 | |
| $78.9M | 422.55K | 422.55K | 0 | |
| $74.02M | 447.64K | 447.64K | 0 | |
| $66.88M | 796.8K | 796.8K | 0 | |
| $64.78M | 957.5K | 957.5K | 0 | |
| $62.36M | 263K | 253.5K | +3.7 | |
| $61.36M | 1.13M | 1.13M | 0 | |
| $60.23M | 825.56K | 825.56K | 0 | |
| $56.33M | 345K | 345K | 0 | |
| $52.36M | 542K | 542K | 0 | |
| $51.98M | 543K | 543K | 0 | |
| $49.07M | 824.73K | 824.73K | 0 | |
| $47.42M | 590K | 590K | 0 | |
| $43.9M | 201.62K | 201.62K | 0 | |
| $42.13M | 264.41K | 195.41K | +35.3 | |
| $41.43M | 866.5K | 800K | +8.3 | |
| $37.59M | 419.27K | 419.27K | 0 | |
| $32.73M | 721.54K | 721.54K | 0 | |
| $32.52M | 426.8K | 426.8K | 0 | |
| $30.81M | 277.7K | 277.7K | 0 | |
| $28.8M | 211K | 211K | 0 | |
| $27.13M | 242.9K | 242.9K | 0 | |
| $26.96M | 247.76K | 209.26K | +18.4 | |
| $26.23M | 200K | 200K | 0 | |
| $26.15M | 486.7K | 486.7K | 0 | |
| $25.07M | 310K | 310K | 0 | |
| $22.64M | 113.4K | 113.4K | 0 | |
| $21.42M | 145.55K | 135.55K | +7.4 | |
| $20.15M | 586K | NEW | ||
| $19.58M | 273.6K | 273.6K | 0 | |
| $18.77M | 237.8K | 237.8K | 0 | |
| $18.7M | 42.5K | 42.5K | 0 | |
| $16.23M | 224K | 224K | 0 | |
| $15.51M | 532K | 532K | 0 | |
| $14.35M | 119.5K | 119.5K | 0 | |
| $14.3M | 415K | 415K | 0 | |
| $13.88M | 425.1K | 425.1K | 0 | |
| $8.83M | 177.99K | 128.99K | +38.0 | |
| $8.54M | 293.43K | 293.43K | 0 | |
| $8.1M | 90K | 90K | 0 | |
| $5.49M | 49.9K | 49.9K | 0 | |
| $4.43M | 47K | 21K | +123.8 | |
| $3.52M | 25.75K | 25.75K | 0 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
27 Apr 20
2 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | -99M | 2.15B | 1.7B | 1.91B | |
| Net income | -1.23B | 626M | 248M | 428M | |
| Diluted EPS | -7.56 | 3.79 | 1.49 | 2.59 | |
| Net profit margin | 1238% | 29.09% | 14.59% | 22.37% | |
| Net change in cash | -281M | -20M | -16M | 1M | |
| Cash on hand | 486M | 767M | 787M | 803M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 7.92B | 5.41B | 5.73B | 5.45B | |
| Net income | 2B | 287M | 1.05B | 591M | |
| Diluted EPS | 12.1 | 1.75 | 6.29 | 3.55 | |
| Net profit margin | 25.20% | 5.31% | 18.23% | 10.85% | |
| Net change in cash | -17M | 127M | -120M | 233M | |
| Cash on hand | 767M | 784M | 657M | 777M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 29 Apr 20 | Dirk J Debbink | Common Stock | Buy | Aquire P | 72.25 | 2,000 | 144.5K | 36,308.39 |
| 29 Apr 20 | Skidmore Douglas S | Common Stock | Buy | Aquire P | 72.5084 | 3,500 | 253.78K | 37,475 |
| 12 Mar 20 | Dirk J Debbink | Common Stock | Buy | Aquire P | 85.1 | 1,150 | 97.87K | 34,070.24 |
| 11 Mar 20 | Skidmore Douglas S | Common Stock | Buy | Aquire P | 90.9956 | 2,745 | 249.78K | 33,975 |
Institutional ownership Q1 2020
62.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 567 |
| Opened positions | 68 |
| Closed positions | 107 |
| Increased positions | 189 |
| Reduced positions | 205 |
13F shares |
Current |
|---|---|
| Total value | 451.4B |
| Total shares | 100.89M |
| Total puts | 77.1K |
| Total calls | 87.2K |
| Total put/call ratio | 0.9 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 20.51M | $1.55B |
| BLK BlackRock | 13.67M | $1.03B |
| STT State Street | 8.46M | $643.63M |
| Select Equity | 4.9M | $369.44B |
| BAC Bank of America | 3.02M | $227.65M |
| Geode Capital Management | 2.49M | $187.45M |
| JPM JPMorgan Chase & Co. | 2.22M | $167.23M |
| NTRS Northern Trust | 1.86M | $140.37M |
| RY Royal Bank of Canada | 1.86M | $140.24M |
| London Co Of Virginia | 1.7M | $128.08M |
Financial report summary
?Competition
Hallmark Financial ServicesRisks
- The outbreak of COVID-19 could result in an unusually high level of losses.
- A weaker economy could result in reduced insurance premium revenue.
- Financial disruption or a prolonged economic downturn could materially and adversely affect our investment performance.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Good
|
|
New words:
advance, Aid, announced, assist, carefully, carryback, carryforward, channel, contemplated, court, curtailed, deferral, discretionary, downturn, drop, economy, energy, enrollment, extend, extended, extending, forbearance, fraction, governmental, Honeywell, increasingly, Kingdom, legislation, leisure, length, missed, month, November, oil, outbreak, pandemic, peril, physical, previously, prospective, prospectively, rendering, requesting, retail, reversal, road, scale, slowdown, strain, struggling, submission, sudden, surrender, temporary, travel, umbrella, unable, unclear, unemployment, unnecessary, Virtually, workplace, worksite
Removed:
acquire, AG, apply, arose, arrangement, Beaufort, behalf, broker, brushfire, calculated, capitalized, capitalizing, carrying, clarify, closed, closing, cloud, Codification, collateralized, combination, combine, comparing, computing, conducted, connection, convective, customer, deductible, dilution, diversifying, earliest, earthquake, elevated, eliminating, embedded, ending, equipment, exclude, excluding, expedient, fiscal, Foreign, forward, Framework, frequently, funding, geographically, Gesellschaft, goodwill, hardware, implementing, inclusion, incorporated, instrument, intangible, integrating, July, lease, leasing, main, met, modifying, MSP, Munich, NAV, negotiation, Nonemployee, nonlease, Nonrefundable, objective, opening, perform, performed, planned, postretirement, practical, pursuant, qualify, reassessing, recovery, Refer, reference, remove, restate, scope, September, set, shorten, Simplifying, software, SPA, Step, storm, subsequent, Subtopic, supported, test, tested, transaction, transferred, transparency, unit, western, wildfire
Financial reports
10-Q
2020 Q1
Quarterly report
27 Apr 20
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
25 Oct 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
24 Apr 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
25 Oct 18
10-Q
2018 Q2
Quarterly report
26 Jul 18
10-Q
2018 Q1
Quarterly report
25 Apr 18
10-K
2017 FY
Annual report
23 Feb 18
Current reports
8-K
Regulation FD Disclosure
18 May 20
8-K
Submission of Matters to a Vote of Security Holders
6 May 20
8-K
Results of Operations and Financial Condition
27 Apr 20
8-K
Regulation FD Disclosure
13 Apr 20
8-K
Regulation FD Disclosure
1 Apr 20
8-K
Regulation FD Disclosure
9 Mar 20
8-K
Results of Operations and Financial Condition
5 Feb 20
8-K
Regulation FD Disclosure
3 Feb 20
8-K
Entry into a Material Definitive Agreement
6 Dec 19
8-K
Departure of Directors or Certain Officers
15 Nov 19
Registration and prospectus
S-8
Registration of securities for employees
10 Aug 18
S-3
Shelf registration
17 Nov 17
S-8
Registration of securities for employees
18 Nov 16
S-3
Shelf registration
21 Nov 14
424B3
Prospectus supplement
10 Sep 14
424B3
Prospectus supplement
28 Aug 14
S-8
Registration of securities for employees
28 Feb 13
424B1
Prospectus with pricing info
5 Dec 11
S-3/A
Shelf registration (amended)
29 Nov 11
S-3
Shelf registration
21 Nov 11
Proxies
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
18 Mar 20
DEF 14A
Definitive proxy
18 Mar 20
DEFA14A
Additional proxy soliciting materials
13 Mar 19
DEF 14A
Definitive proxy
13 Mar 19
DEF 14A
Definitive proxy
21 Mar 18
DEFA14A
Additional proxy soliciting materials
21 Mar 18
PRE 14A
Preliminary proxy
26 Feb 18
DEF 14A
Definitive proxy
22 Mar 17
DEFA14A
Additional proxy soliciting materials
22 Mar 17
Other
EFFECT
Notice of effectiveness
11 Dec 17
CORRESP
Correspondence with SEC
7 Dec 17
UPLOAD
Letter from SEC
28 Nov 17
UPLOAD
Letter from SEC
13 Jul 15
CORRESP
Correspondence with SEC
3 Jun 15
UPLOAD
Letter from SEC
20 May 15
CORRESP
Correspondence with SEC
6 May 15
UPLOAD
Letter from SEC
23 Apr 15
EFFECT
Notice of effectiveness
1 Dec 14
UPLOAD
Letter from SEC
30 May 12
Ownership
3
CINCINNATI FINANCIAL / Angela Ossello Delaney ownership change
12 May 20
13F-HR
Quarterly holdings report by institutional manager
8 May 20
4
CINCINNATI FINANCIAL / Dirk J Debbink ownership change
1 May 20
4
CINCINNATI FINANCIAL / Douglas S Skidmore ownership change
1 May 20
4
CINCINNATI FINANCIAL / Dirk J Debbink ownership change
16 Mar 20
4
CINCINNATI FINANCIAL / Douglas S Skidmore ownership change
13 Mar 20
4
CINCINNATI FINANCIAL / KENNETH W STECHER ownership change
11 Mar 20
4
CINCINNATI FINANCIAL / Thomas J Aaron ownership change
4 Mar 20
4
CINCINNATI FINANCIAL / Lisa Anne Love ownership change
4 Mar 20
4
CINCINNATI FINANCIAL / JOHN S KELLINGTON ownership change
4 Mar 20