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Cincinnati Financial Corporation (CINF)

  • Wed, Sep. 2, 10:45 AM
    • "We believe Cincinnati Financial (CINF +1.2%) is exactly the kind of company that will perform well in the current underwriting environment as it has developed extremely strong relationships with its agent partners that allows it to see the best business the agency writes," says MKM Partners, starting the stock with a Buy rating. The $60 price target is 15% above today's level.
    • The company's push into the personal lines space, as well as expansion into the excess and surplus lines business provides good growth potential as well, says MKM.
    • CINF is lower by about 10% over the past couple of weeks.
    | Wed, Sep. 2, 10:45 AM | Comment!
  • Wed, Jul. 15, 9:45 AM
    | Wed, Jul. 15, 9:45 AM | 1 Comment
  • Wed, Jul. 1, 3:47 PM
    • "The management teams of virtually every large property-casualty company will be having a conversation today about whether they should be more active acquirers,” says Sandler O'Neill's Paul Newsome.
    • Before sellers get too excited, they should note the price Ace is paying for Chubb is just 1.7x book value - a discount to what high-quality insurance businesses typically sell for. "“I probably need to reassess what I’m holding out for because I’m never going to get that big price-to-book multiple now," says Newsome. "If a much-vaunted, well-regarded shop gets 1.7x book value, what should the mid-cap company that lacks scale and is kind of struggling get?”
    • Possible buyers would include AIG, Allstate, and Travelers. With each having less than a $15B market cap, maybe on the block: W.R. Berkley (WRB +5.2%), Arch Capital (ACGL +2.7%), XL Group (XL +2%), and Cincinnati Financial (CINF +4.5%). Sporting just an $18B market cap and thus also maybe a target is Hartford Financial (HIG +6%).
    • "There is now literally no deal that cannot be contemplated in P&C," says Citi's Todd Bault.
    • Source: Bloomberg
    • Previously: Ace builds more scale with Chubb purchase (July 1)
    • Previously: P&C stocks on the move after Chubb sale (July 1)
    • Previously: ACE buying Chubb in cash and stock deal for $28.3B (July 1)
    | Wed, Jul. 1, 3:47 PM | Comment!
  • Wed, Jul. 1, 9:39 AM
    • ACE's (ACE +7.7%) purchase of Chubb (CB +34.8%) for $28.3B in stock and cash has the property & casualty names higher in early action.
    • Travelers (TRV +3.9%), Allstate (ALL +2.4%), Cincinnati Financial (CINF +2.2%), W.R. Berkley (WRB +3.1%), Progressive (PGR +2.3%), United Insurance (UIHC +2.2%), Hartford FInancial (HIG +3.3%).
    • Previously: ACE buying Chubb in cash and stock deal for $28.3B (July 1)
    | Wed, Jul. 1, 9:39 AM | Comment!
  • Thu, Feb. 5, 10:14 AM
    • Q4 operating income of $148M or $0.89 per share vs. $119M and $0.72 one year ago. Year-end book value per share of $40.14 up 8% from the end of 2013. Quarterly dividend is $0.44.
    • Q4 combined ratio of 90.4% improves from 93.9%. Full-year combined ratio of 95.6% vs. 93.8% in 2013. "While our commercial casualty line achieved an underwriting profit in 2014, we felt it was prudent to record higher reserves for estimated losses in this line."
    • Previously: Cincinnati Financial beats by $0.04, beats on revenue (Feb. 4)
    • CINF -1.95%
    | Thu, Feb. 5, 10:14 AM | 2 Comments
  • Apr. 28, 2014, 10:52 AM
    • Property & casualty insurers are bouncing from a tough Friday session which was led by declines in Chubb and Cincinnati Financial after tough Q1 results. Today's biggest gainer is United Insurance Holdings (UIHC +4.8%) - continuing a big run after being initiated with an Outperform rating at Wells Fargo.
    • Aren't insurers supposed to be bought after a tough quarter for catastrophes as it means they can raise rates?
    • Others: HCI Group (HCI +3.1%), Universal Insurance (UVE +3.5%), W.R. Berkley (WRB +1.2%), Travelers (TRV +1.6%), Allstate (ALL +1.3%), Chubb (CB +1.3%), and Cincinnati Financial (CINF +0.9%).
    | Apr. 28, 2014, 10:52 AM | Comment!
  • Apr. 25, 2014, 12:11 PM
    | Apr. 25, 2014, 12:11 PM | Comment!
CINF vs. ETF Alternatives
Company Description
Cincinnati Financial Corp is aproperty casualty insurance company. The Company's business segment areCommercial lines insurance,Personal lines insurance,Excess and surplus lines insurance,Life insurance andInvestments.