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46.35 (1y: +24%)
Market Cap 7.7 B P/E(ttm) 15.40
Enterprise Value 8.63 B P/B 1.40
CINF- NAS (USA)
Cincinnati Financial Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$46.35
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.523
CINF's Cash to Debt is ranked higher than
53% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.70 vs. CINF: 0.523 )
CINF' s 10-Year Cash to Debt Range
Min: 0.1   Max: 1.2
Current: 0.52
0.1
1.2
Equity to Asset 0.33
CINF's Equity to Asset is ranked higher than
78% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.24 vs. CINF: 0.33 )
CINF' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.48
Current: 0.33
0.31
0.48
Interest Coverage 10.5
CINF's Interest Coverage is ranked higher than
65% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.60 vs. CINF: 10.5 )
CINF' s 10-Year Interest Coverage Range
Min: 3   Max: No Debt
Current: 10.5
F-Score: 6
Z-Score: 1.11
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 13.80
CINF's Operating margin (%) is ranked higher than
83% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.10 vs. CINF: 13.80 )
CINF' s 10-Year Operating margin (%) Range
Min: 4.6   Max: 30.4
Current: 13.8
4.6
30.4
Net-margin (%) 10.2
CINF's Net-margin (%) is ranked higher than
84% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 5.30 vs. CINF: 10.2 )
CINF' s 10-Year Net-margin (%) Range
Min: 4.4   Max: 20.4
Current: 10.2
4.4
20.4
ROE (%) 7.7
CINF's ROE (%) is ranked higher than
71% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.20 vs. CINF: 7.7 )
CINF' s 10-Year ROE (%) Range
Min: 2   Max: 14.4
Current: 7.7
2
14.4
ROA (%) 2.5
CINF's ROA (%) is ranked higher than
74% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.60 vs. CINF: 2.5 )
CINF' s 10-Year ROA (%) Range
Min: 0.9   Max: 5.4
Current: 2.5
0.9
5.4
Revenue Growth (%) 1.2
CINF's Revenue Growth (%) is ranked higher than
58% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 3.10 vs. CINF: 1.2 )
CINF' s 10-Year Revenue Growth (%) Range
Min: -2   Max: 9.8
Current: 1.2
-2
9.8
EBITDA Growth (%) -0.5
CINF's EBITDA Growth (%) is ranked higher than
53% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.00 vs. CINF: -0.5 )
CINF' s 10-Year EBITDA Growth (%) Range
Min: -21.3   Max: 34.9
Current: -0.5
-21.3
34.9
EPS Growth (%) -0.8
CINF's EPS Growth (%) is ranked higher than
53% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.00 vs. CINF: -0.8 )
CINF' s 10-Year EPS Growth (%) Range
Min: -21   Max: 33.4
Current: -0.8
-21
33.4
ยป CINF's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

CINF Guru Trades in Q2 2012

Jim Simons 190,100 sh (New)
Jeremy Grantham 32,500 sh (New)
Steven Cohen 13,512 sh (+27.38%)
Ken Fisher 149,891 sh (+3.95%)
Jean-Marie Eveillard 12,969,016 sh (+0.48%)
Tom Russo 150 sh (unchged)
Chuck Royce 284,700 sh (unchged)
Murray Stahl 10,653 sh (unchged)
Paul Tudor Jones Sold Out
Charles Brandes 20,588 sh (-39.72%)
» More
Q3 2012

CINF Guru Trades in Q3 2012

Paul Tudor Jones 12,900 sh (New)
Jim Simons 390,800 sh (+105.58%)
Jeremy Grantham 38,900 sh (+19.69%)
Ken Fisher 177,082 sh (+18.14%)
Chuck Royce 326,700 sh (+14.75%)
Steven Cohen 14,191 sh (+5.03%)
Tom Russo 150 sh (unchged)
Murray Stahl 10,653 sh (unchged)
Charles Brandes Sold Out
Jean-Marie Eveillard 12,128,155 sh (-6.48%)
» More
Q4 2012

CINF Guru Trades in Q4 2012

Jim Simons 512,400 sh (+31.12%)
Steven Cohen 17,084 sh (+20.39%)
Ken Fisher 189,510 sh (+7.02%)
Paul Tudor Jones 13,300 sh (+3.1%)
Chuck Royce 326,700 sh (unchged)
Jeremy Grantham 35,600 sh (unchged)
Jean-Marie Eveillard 11,142,842 sh (-8.12%)
Murray Stahl 8,433 sh (-20.84%)
» More
Q1 2013

CINF Guru Trades in Q1 2013

Murray Stahl 10,003 sh (+18.62%)
Jeremy Grantham 37,800 sh (+6.18%)
Ken Fisher 196,685 sh (+3.79%)
Jim Simons 517,700 sh (+1.03%)
Chuck Royce 326,700 sh (unchged)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Jean-Marie Eveillard 9,610,673 sh (-13.75%)
» More
» Details

Insider Trades

Latest Guru Trades with CINF

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Charles Brandes 2012-09-30 Sold Out 0.01%$37.09 - $39.88 $ 46.3521%0
Charles Brandes 2012-06-30 Reduce -39.72%$33.35 - $38.06 $ 46.3531%20588
Charles Brandes 2012-03-31 Reduce -81.08%0.04%$30.45 - $36 $ 46.3548%34153
John Hussman 2011-12-31 Sold Out 0.07%$25.06 - $30.72 $ 46.3563%0
Jean-Marie Eveillard 2011-09-30 Add 7.98%0.12%$24.03 - $29.39 $ 46.3571%12427510
John Hussman 2011-03-31 New Buy0.09%$31.69 - $34.1825 $ 46.3542%162000
Jean-Marie Eveillard 2010-06-30 Add 17.98%0.29%$26.2 - $30.21 $ 46.3566%10381669
George Soros 2010-06-30 Sold Out $26.2 - $30.21 $ 46.3566%0
Jean-Marie Eveillard 2010-03-31 Add 27.61%0.42%$25.66 - $29.39 $ 46.3570%8799569
Charles Brandes 2010-03-31 Add 157.65%0.02%$25.66 - $29.39 $ 46.3570%215982
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 15.40
CINF's P/E(ttm) is ranked higher than
59% of the 135 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 13.80 vs. CINF: 15.40 )
CINF' s 10-Year P/E(ttm) Range
Min: 6.03   Max: 81.27
Current: 15.4
6.03
81.27
P/B 1.40
CINF's P/B is ranked lower than
53% of the 150 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.09 vs. CINF: 1.40 )
CINF' s 10-Year P/B Range
Min: 0.68   Max: 1.42
Current: 1.4
0.68
1.42
P/S 1.80
CINF's P/S is ranked lower than
62% of the 158 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.11 vs. CINF: 1.80 )
CINF' s 10-Year P/S Range
Min: 0.76   Max: 3.1
Current: 1.8
0.76
3.1
PFCF 14.00
CINF's PFCF is ranked lower than
58% of the 124 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 7.71 vs. CINF: 14.00 )
CINF' s 10-Year PFCF Range
Min: 5   Max: 31.67
Current: 14
5
31.67
EV-to-EBIT 12.5
CINF's EV-to-EBIT is ranked higher than
55% of the 119 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.19 vs. CINF: 12.5 )
CINF' s 10-Year EV-to-EBIT Range
Min: 5   Max: 81
Current: 12.5
5
81
Shiller P/E 16.3
CINF's Shiller P/E is ranked lower than
100% of the Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: vs. CINF: 16.3 )
CINF' s 10-Year Shiller P/E Range
Min: 4.87   Max: 29.36
Current: 16.3
4.87
29.36

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.52
CINF's Dividend Yield is ranked higher than
82% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.92 vs. CINF: 3.52 )
CINF' s 10-Year Dividend Yield Range
Min: 1.73   Max: 8.4
Current: 3.52
1.73
8.4
Dividend Payout 0.5453
CINF's Dividend Payout is ranked higher than
50% of the 109 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.40 vs. CINF: 0.5453 )
CINF' s 10-Year Dividend Payout Range
Min: 0.25   Max: 1.58
Current: 0.55
0.25
1.58
Dividend growth (3y) 0.8
CINF's Dividend growth (3y) is ranked higher than
81% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.00 vs. CINF: 0.8 )
CINF' s 10-Year Dividend growth (3y) Range
Min: 0.7   Max: 10.6
Current: 0.8
0.7
10.6
Yield on cost (5-Year) 3.68
CINF's Yield on cost (5-Year) is ranked higher than
76% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.06 vs. CINF: 3.68 )
CINF' s 10-Year Yield on cost (5-Year) Range
Min: 1.82   Max: 8.83
Current: 3.68
1.82
8.83
Share Buyback Rate -0.1
CINF's Share Buyback Rate is ranked higher than
54% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.00 vs. CINF: -0.1 )
CINF' s 10-Year Share Buyback Rate Range
Min: 2   Max: -0.1
Current: -0.1

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 8.4
CINF's Price/Net Current Asset Value is ranked lower than
58% of the 106 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.00 vs. CINF: 8.4 )
CINF' s 10-Year Price/Net Current Asset Value Range
Min: 3.2   Max: 10.5
Current: 8.4
3.2
10.5
Price/Tangible Book 1.4
CINF's Price/Tangible Book is ranked higher than
50% of the 145 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.10 vs. CINF: 1.4 )
CINF' s 10-Year Price/Tangible Book Range
Min: 0.9   Max: 1.3
Current: 1.4
0.9
1.3
Price/DCF (Projected) 0.8
CINF's Price/DCF (Projected) is ranked lower than
52% of the 82 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.60 vs. CINF: 0.8 )
CINF' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 0.7
Current: 0.8
0.4
0.7
Price/Median PS Value 1
CINF's Price/Median PS Value is ranked higher than
69% of the 145 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.10 vs. CINF: 1 )
CINF' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.5
Current: 1
0.6
1.5
Price/Graham Number 1.1
CINF's Price/Graham Number is ranked lower than
57% of the 124 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.80 vs. CINF: 1.1 )
CINF' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 1.6
Current: 1.1
0.6
1.6
Earnings Yield (Greenblatt) 8.00
CINF's Earnings Yield (Greenblatt) is ranked higher than
70% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.70 vs. CINF: 8.00 )
CINF' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.2   Max: 20.2
Current: 8
1.2
20.2
Forward Rate of Return (Yacktman) -3.17
CINF's Forward Rate of Return (Yacktman) is ranked lower than
55% of the 165 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.00 vs. CINF: -3.17 )
CINF' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15   Max: 135.2
Current: -3.17
-15
135.2

Business Description

Cincinnati Financial Corporation is an Ohio corporation formed in 1968. The Company's main business is property casualty insurance marketed through independent insurance agents in 39 states. Cincinnati Financial Corporation owned 100 percent of three subsidiaries: The Cincinnati Insurance Company, CSU Producer Resources Inc. and CFC Investment Company. The Company's standard 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 annuities and The Cincinnati Specialty Underwriters Insurance Company, which began offering excess and surplus lines insurance products in January 2008. The two non-insurance subsidiaries of Cincinnati Financial are CSU Producer Resources, which offers insurance brokerage services to its independent agencies so their clients could access its excess and surplus lines insurance products; and CFC Investment Company, which offers commercial leasing and financing services to its agents, their clients and other customers. It operates mainly five reporting segments: Commercial lines property casualty insurance; Personal lines property casualty insurance; Excess and surplus lines property casualty insurance; Life insurance and Investment operations. The commercial lines property casualty insurance segment contributed net earned premiums of $2.197 billion to total revenues, or 57.8 percent of that total and reported a loss before income taxes of $101 million in 2011. The seven commercial business lines are: Commercial casualty, Commercial property, Commercial auto, Workers' compensation, Specialty packages, Surety and executive risk and Machinery and equipment. The personal lines property casualty insurance segment contributed net earned premiums of $762 million to total revenues, or 20.0 percent of the total and reported a loss before income taxes of $181 million in 2011. It provides line of business data to summarize growth and profitability trends separately for three business lines: Personal auto, Homeowners and Other personal lines. The excess and surplus lines property casualty segment contributed net earned premiums of $70 million to consolidated total revenues, or 1.8 percent of the total, and reported profit before income taxes of $6 million in 2011, its fourth year of operation. The life insurance segment contributed $165 million of net earned premiums, representing 4.3 percent of consolidated total revenues, and negative $3 million of income before income taxes in 2011. The Company mainly focuses on life products that produce revenue growth through a steady stream of premium payments. Four lines of business: term insurance, universal life insurance, worksite products and whole life ins
Company Website
SEC Reports
Industry: Insurance - Property & Casualty
Compare:RLI, TRV, MBI, QBIEY, TKOMY
Traded in other countries:CCJ.Germany
ยป More Articles for CINF

Headlines

Articles On GuruFocus.com
First Quarter 2013: Top and Bottom Performing Dividend Stocks May 07 2013 
Cincinnati Financial Corporation (CINF) Dividend Stock Analysis 2013 Apr 08 2013 
24 Mar 27 2013 
Cincinnati Financial Corp. (CINF) Dividend Stock Analysis Mar 15 2013 
15 Dividend Kings - Stocks with the Longest Dividend Growth History Feb 13 2013 
My 2012 Top and Bottom Performing Dividend Stocks Jan 30 2013 
Taking a Look at 3 Dividend-Paying Financial Firms Dec 17 2012 
9 High-Yield Stocks with a Low Price to Book Nov 27 2012 
The 20 Best-Performing Dividend Aristocrats and Possible Year-End-Rally Winners Oct 19 2012 
The 10 Best and Cheapest S&P 500 Dividend Aristocrats Sep 19 2012 

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