CINCINNATI FINANCIAL CORPORATION
In the published model solve dated 2026-Q2, anchored at $171.97, CINCINNATI FINANCIAL CORPORATION (CINF) is priced for 12.1% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Underwriting, not the investment book, has been the engine here: the 10-K reports that ⟦"Our GAAP combined ratio averaged 93.9% over the five-year period 2021 through 2025, within the performance target range."⟧ • Weather is the quantified risk. Catastrophe losses took 10.1 percentage points out of the 2025 statutory combined ratio against an industry estimate of 8.0 points, and the company's catastrophe load has run above the industry's in each of the last three years. • Second-quarter result
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894 institutional managers reported holding CINF in 13F filings for the quarter ended 2026-03-31. Together they hold about 68% of the company; the top 10 hold 38%. 85 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.2M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (4.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CINF has cut its share count 3.6% over the past five years, spending $1.10B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 7 years straight; the current rate is $3.48 a share annually. Cash returned over the past three years: $1.38B in dividends and $511.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CINF over the trailing three years: 2023: 3 buys totaling $411k; 2024: 3 buys totaling $494k; 2025: 3 buys totaling $313k; 2026: 1 buy totaling $163k. 32 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CINF's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +5.8% | -6.7% |
| 2023-10-27 | -0.8% | +6.0% |
| 2024-02-27 | -4.2% | +2.1% |
| 2024-04-26 | -7.5% | +6.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CINF's latest 8-K filings: 2026-08-25 (items 7.01, 8.01, 9.01); 2026-08-21 (items 7.01, 9.01); 2026-07-27 (items 2.02, 9.01); 2026-06-22 (items 5.02, 7.01, 9.01); 2026-06-16 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.