---
title: Cincinnati Financial (CINF) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/cinf
ticker: CINF
as_of: 2026-10-17
sector: Financial Services
industry: Insurance - Property & Casualty
---
# Cincinnati Financial (CINF)

Cincinnati Financial (CINF) closed at $171.25 on Oct 16, 2026, undervalued by 10% vs its model value of $191.15 (from the justified price to book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $171.25 (Oct 16, 2026) |
| Model value (from the justified price to book) | $191.15 |
| Price vs model | undervalued by 10% vs model |
| Range of that model | $167.26 – $223.01 |
| Market value | $26.3B |
| P/E (fiscal 2025) | 11.3 |
| Net margin (fiscal 2025) | 18.9% |
| Free cash flow (fiscal 2025) | $3.1B |
| Dividend yield (trailing twelve months) | 2.15% |
| Beta | 0.53 |
| Cost of capital (WACC) | 7.83% |
| Business classification | Mature & Stable (Moderate growth (~12% recent), Moderate margins (19% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (11.8%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Lowest P/E | #27 | 11.3× | https://sweetvaluelab.com/lists/lowest-pe |
| Insider buying | #36 | $171,640 | https://sweetvaluelab.com/lists/insider-buying |
| Dividend growth streaks | #47 | 30 years | https://sweetvaluelab.com/lists/dividend-growth-streaks |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.15% |
| Dividends per share, last 12 months | $3.69 |
| Dividends / earnings (fiscal 2025) | 21.9% |
| Raised | 30 years in a row |
| Growth over 5 years | 8.2% a year |
| Latest payment | $0.94, ex-date Sep 23, 2026, paid Oct 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 15, 2021 | $2.49 |
| To Sep 15, 2022 | $2.70 |
| To Sep 15, 2023 | $2.94 |
| To Sep 17, 2024 | $3.18 |
| To Sep 22, 2025 | $3.42 |
| Trailing twelve months (to Sep 23, 2026) | $3.69 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/B · justified | primary | $191.15 | $167.26 | $223.01 |
| P/E · peers | cross check | $139.92 | $106.57 | $157.40 |
| P/E · own history | cross check | $122.10 | $103.22 | $132.33 |
| PEG | sanity check | $68.19 | $68.19 | $68.19 |
| Dividend discount | cross check | $85.39 | $55.53 | $158.06 |

## Insider activity (SEC Form 4)

Past 90 days: 1 open-market buy ($171,640) and 1 open-market sale ($1.3M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 25, 2026 | Debbink Dirk J | Director | Open-market buy | 1,000 | $171,640 |
| Aug 3, 2026 | Schiff Charles Odell | Director | Open-market sell | 7,600 | $1.3M |
| Jun 8, 2026 | KELLINGTON JOHN S | EVP, Chief Info Off. -Sub | Option/RSU exercise | 24,221 | $2.1M |
| Jun 8, 2026 | KELLINGTON JOHN S | EVP, Chief Info Off. -Sub | Tax withholding | 17,536 | $2.9M |
| Jun 8, 2026 | KELLINGTON JOHN S | EVP, Chief Info Off. -Sub | Option/RSU exercise | 24,221 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 28, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/20286/000002028626000052/cinf-20260925.htm |
| Aug 25, 2026 | 8-K | 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/20286/000002028626000049/cinf-20260821.htm |
| Aug 21, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/20286/000002028626000047/cinf-20260821.htm |
| Jul 27, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/20286/000002028626000045/cinf-20260630.htm |
| Jul 27, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/20286/000002028626000043/cinf-20260727.htm |

## About

Cincinnati Financial Corporation, operating through its various subsidiaries, delivers a range of property and casualty insurance offerings across the United States. Its operations are organized into five distinct divisions: Commercial Lines, Personal Lines, Excess and Surplus Lines, Life Insurance, and Investments. The Commercial Lines division safeguards businesses against risks such as commercial casualty, property damage, vehicle incidents, and workers' compensation claims; it also offers specialized protection including director and officer liability, various surety and fidelity bonds, and coverage for machinery and equipment. For individual clients, the Personal Lines segment provides essential coverages like personal auto and homeowner policies, alongside dwelling fire, inland marine, personal umbrella liability, and watercraft protection. The Excess and Surplus Lines segment spec…

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Source: https://sweetvaluelab.com/stocks/cinf (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.