Cincinnati Financial（CCJ）株式概要シンシナティ・ファイナンシャル・コーポレーションは米国で損害保険商品を提供している。 詳細CCJ ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績5/6財務の健全性5/6配当金5/6報酬当社が推定した公正価値より15.7%で取引されている 過去1年間で収益は90.5%増加しました 2.24%の安定した配当金を支払う リスク分析今後3年間の収益は年平均32.8%減少すると予測されている。 すべてのリスクチェックを見るCCJ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€144.7521.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture013b2016201920222025202620282031Revenue US$13.1bEarnings US$2.8bAdvancedSet Fair ValueView all narrativesCincinnati Financial Corporation 競合他社TalanxSymbol: XTRA:TLXMarket cap: €27.7bHannover RückSymbol: XTRA:HNR1Market cap: €29.1bMünchener Rückversicherungs-Gesellschaft in MünchenSymbol: XTRA:MUV2Market cap: €59.5bAllianzSymbol: XTRA:ALVMarket cap: €145.8b価格と性能株価の高値、安値、推移の概要Cincinnati Financial過去の株価現在の株価US$144.7552週高値US$146.0552週安値US$123.10ベータ0.601ヶ月の変化0.77%3ヶ月変化5.62%1年変化13.13%3年間の変化58.37%5年間の変化46.21%IPOからの変化310.25%最新ニュースDeclared Dividend • May 20First quarter dividend of US$0.94 announcedShareholders will receive a dividend of US$0.94. Ex-date: 23rd June 2026 Payment date: 15th July 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 71% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 05Cincinnati Financial Corporation Approves Amended and Restated Articles of IncorporationCincinnati Financial Corporation at its annual meeting on May 2, 2026 approved the Amended and Restated Articles of Incorporation.お知らせ • Apr 08Cincinnati Financial Corporation to Report Q1, 2026 Results on Apr 27, 2026Cincinnati Financial Corporation announced that they will report Q1, 2026 results After-Market on Apr 27, 2026お知らせ • Mar 04Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026. Location: cincinnati art museum, 953 eden park drive, cincinnati, ohio 45202, United Statesお知らせ • Jan 31+ 1 more updateCincinnati Financial Corporation Announces Executive AppointmentsCincinnati Financial Corporation announced the following associates were named executive officers and elected to the board of directors of all property casualty subsidiaries: Luyang Fu, Ph.D., FCAS, MAAA, senior vice president and chief actuary. Mr. Fu oversees all actuarial activities, including pricing, reserving, predictive modeling, forecasting and risk analytics for the corporation's standard and excess and surplus lines subsidiaries. R. Phillip Sandercox, CPCU, ARe, senior vice president. As head of Cincinnati Re, Mr. Sandercox holds executive oversight of the corporation's reinsurance assumed operations, including underwriting, pricing and claims. Andrew M. Schnell, CPA, CPCU, AINS, senior vice president and treasurer. Mr. Schnell leads the corporation's accounting and SEC reporting operations.お知らせ • Jan 08Cincinnati Financial Corporation to Report Q4, 2025 Results on Feb 09, 2026Cincinnati Financial Corporation announced that they will report Q4, 2025 results After-Market on Feb 09, 2026最新情報をもっと見るRecent updatesDeclared Dividend • May 20First quarter dividend of US$0.94 announcedShareholders will receive a dividend of US$0.94. Ex-date: 23rd June 2026 Payment date: 15th July 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 71% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 05Cincinnati Financial Corporation Approves Amended and Restated Articles of IncorporationCincinnati Financial Corporation at its annual meeting on May 2, 2026 approved the Amended and Restated Articles of Incorporation.お知らせ • Apr 08Cincinnati Financial Corporation to Report Q1, 2026 Results on Apr 27, 2026Cincinnati Financial Corporation announced that they will report Q1, 2026 results After-Market on Apr 27, 2026お知らせ • Mar 04Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026. Location: cincinnati art museum, 953 eden park drive, cincinnati, ohio 45202, United Statesお知らせ • Jan 31+ 1 more updateCincinnati Financial Corporation Announces Executive AppointmentsCincinnati Financial Corporation announced the following associates were named executive officers and elected to the board of directors of all property casualty subsidiaries: Luyang Fu, Ph.D., FCAS, MAAA, senior vice president and chief actuary. Mr. Fu oversees all actuarial activities, including pricing, reserving, predictive modeling, forecasting and risk analytics for the corporation's standard and excess and surplus lines subsidiaries. R. Phillip Sandercox, CPCU, ARe, senior vice president. As head of Cincinnati Re, Mr. Sandercox holds executive oversight of the corporation's reinsurance assumed operations, including underwriting, pricing and claims. Andrew M. Schnell, CPA, CPCU, AINS, senior vice president and treasurer. Mr. Schnell leads the corporation's accounting and SEC reporting operations.お知らせ • Jan 08Cincinnati Financial Corporation to Report Q4, 2025 Results on Feb 09, 2026Cincinnati Financial Corporation announced that they will report Q4, 2025 results After-Market on Feb 09, 2026お知らせ • Nov 15Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on January 15, 2026Cincinnati Financial Corporation announced that at its regular meeting, the board of directors declared an 87 cents-per-share regular quarterly cash dividend. The dividend is payable January 15, 2026, to shareholders of record as of December 22, 2025.お知らせ • Oct 07Cincinnati Financial Corporation to Report Q3, 2025 Results on Oct 27, 2025Cincinnati Financial Corporation announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 27, 2025お知らせ • Aug 23Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on October 15, 2025Cincinnati Financial Corporation announced that at regular meeting held on August 22, 2025, the board of directors declared an 87 cents-per-share regular quarterly cash dividend. The dividend is payable October 15, 2025, to shareholders of record as of September 22, 2025.お知らせ • Jul 08Cincinnati Financial Corporation to Report Q2, 2025 Results on Jul 28, 2025Cincinnati Financial Corporation announced that they will report Q2, 2025 results After-Market on Jul 28, 2025お知らせ • Jun 21Cincinnati Financial Corporation Appoints Edward S. Wilkins as Independent Director, Effective June 20, 2025Cincinnati Financial Corporation's board of directors added a 14seat, appointing Edward S. Wilkins, CPA, to the board and as a member of its audit committee, effective June 20, 2025. Wilkins is a retired Audit & Assurance partner with Deloitte & Touche LLP. During his more than 35 years at Deloitte, he served as the lead audit partner for some of the organization's largest clients, primarily in the financial services sector. As leader of Deloitte's audit analytics practice, Wilkins was instrumental in integrating large data and analytics into current audit approaches, working closely with the national audit group to drive innovation and embrace change. Wilkins also represented Deloitte on several committees that shaped leading practices for the audit profession, including the Public Company Accounting Oversight Board'sData and Technology Task Force, the Center of Audit Quality's Data Analytics Task Force and the American Institute of Certified Public Accountants/National Association of Insurance Commissioners Task Force.お知らせ • May 06+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on July 15, 2025Cincinnati Financial Corporation announced that at its regular meeting on May 3, 2025, the board of directors declared an 87 cents-per-share regular quarterly cash dividend. The dividend is payable on July 15, 2025, to shareholders of record as of June 23, 2025.お知らせ • Apr 08Cincinnati Financial Corporation to Report Q1, 2025 Results on Apr 28, 2025Cincinnati Financial Corporation announced that they will report Q1, 2025 results After-Market on Apr 28, 2025お知らせ • Mar 06Cincinnati Financial Corporation, Annual General Meeting, May 03, 2025Cincinnati Financial Corporation, Annual General Meeting, May 03, 2025. Location: cincinnati art museum, 953 eden park drive, cincinnati, ohio 45202, United Statesお知らせ • Feb 03Cincinnati Financial Corporation Announces Executive Changes at its U.S. Subsidiary CompaniesCincinnati Financial Corporation announced that on January 31, 2025, its U.S. subsidiary companies held their regular shareholder and board meetings and appointing corporate officers. Scott A. Schuler was promoted to senior vice president – Personal Lines, named an executive officer and elected to the boards of all property casualty insurance subsidiaries. Chet H. Swisher was promoted to senior vice president – Commercial Lines, named an executive officer and elected to the boards of all standard market property casualty insurance subsidiaries. Dawn S. Chapel, CPCU, RPLU+, AIM, AIS, CRIS, APA, ARe, ASLI, AU, was promoted to senior vice president – Excess & Surplus Lines, named an executive officer and elected to the boards of all property casualty insurance subsidiaries and the insurance brokerage.お知らせ • Feb 01Cincinnati Financial Corporation Increases Regular Quarterly Cash Dividend, Payable on April 15, 2025Cincinnati Financial Corporation announced that at its regular meeting held on January 31, 2025, the board of directors declared an 87 cents per share regular quarterly cash dividend, increasing by 7% from the previous 81 cents per share dividend paid on January 15, 2025. The dividend is payable April 15, 2025, to shareholders of record as of March 24, 2025.お知らせ • Jan 08Cincinnati Financial Corporation to Report Q4, 2024 Results on Feb 10, 2025Cincinnati Financial Corporation announced that they will report Q4, 2024 results After-Market on Feb 10, 2025お知らせ • Nov 16+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend,Payable on January 15, 2025Cincinnati Financial Corporation announced that, the board of directors declared an 81-cents-per-share regular quarterly cash dividend. The dividend is payable January 15, 2025, to shareholders of record as of December 19, 2024.Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: US$5.25 (vs US$0.63 loss in 3Q 2023)Third quarter 2024 results: EPS: US$5.25 (up from US$0.63 loss in 3Q 2023). Revenue: US$3.32b (up 83% from 3Q 2023). Net income: US$820.0m (up US$919.0m from 3Q 2023). Profit margin: 25% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 08Cincinnati Financial Corporation to Report Q3, 2024 Results on Oct 24, 2024Cincinnati Financial Corporation announced that they will report Q3, 2024 results After-Market on Oct 24, 2024Declared Dividend • Sep 02Second quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 17th September 2024 Payment date: 15th October 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 67% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range.お知らせ • Aug 24Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend,Payable on October 15, 2024Cincinnati Financial Corporation announced that the board of directors declared an 81-cents-per-share regular quarterly cash dividend. The dividend is payable October 15, 2024, to shareholders of record as of September 17, 2024.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$1.99 (vs US$3.40 in 2Q 2023)Second quarter 2024 results: EPS: US$1.99 (down from US$3.40 in 2Q 2023). Revenue: US$2.54b (down 2.3% from 2Q 2023). Net income: US$312.0m (down 42% from 2Q 2023). Profit margin: 12% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Jul 10Cincinnati Financial Corporation to Report Q2, 2024 Results on Jul 25, 2024Cincinnati Financial Corporation announced that they will report Q2, 2024 results After-Market on Jul 25, 2024Upcoming Dividend • Jun 11Upcoming dividend of US$0.81 per shareEligible shareholders must have bought the stock before 18 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).Declared Dividend • May 13First quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 18th June 2024 Payment date: 15th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 42% over the next year. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 07+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on July 15, 2024Cincinnati Financial Corporation announced that at its regular meeting on May 4, 2024, the board of directors declared an 81 cents per share regular quarterly cash dividend. The dividend is payable July 15, 2024, to shareholders of record as of June 18, 2024.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$4.82 (vs US$1.43 in 1Q 2023)First quarter 2024 results: EPS: US$4.82 (up from US$1.43 in 1Q 2023). Revenue: US$2.94b (up 31% from 1Q 2023). Net income: US$755.0m (up 236% from 1Q 2023). Profit margin: 26% (up from 10.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Apr 05Cincinnati Financial Corporation to Report Q1, 2024 Results on Apr 25, 2024Cincinnati Financial Corporation announced that they will report Q1, 2024 results After-Market on Apr 25, 2024Upcoming Dividend • Mar 11Upcoming dividend of US$0.81 per shareEligible shareholders must have bought the stock before 18 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%).Reported Earnings • Feb 07Full year 2023 earnings released: EPS: US$11.74 (vs US$3.06 loss in FY 2022)Full year 2023 results: EPS: US$11.74 (up from US$3.06 loss in FY 2022). Revenue: US$10.0b (up 53% from FY 2022). Net income: US$1.84b (up US$2.33b from FY 2022). Profit margin: 18% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Declared Dividend • Feb 05Third quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 18th March 2024 Payment date: 15th April 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 2 years. However, it would need to fall by 69% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jan 27+ 1 more updateCincinnati Financial Corporation, Annual General Meeting, May 04, 2024Cincinnati Financial Corporation, Annual General Meeting, May 04, 2024.お知らせ • Jan 10Cincinnati Financial Corporation to Report Fiscal Year 2023 Results on Feb 06, 2024Cincinnati Financial Corporation announced that they will report fiscal year 2023 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2024Upcoming Dividend • Dec 11Upcoming dividend of US$0.75 per share at 2.9% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 16 January 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.8%).お知らせ • Nov 18Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on January 16, 2024Cincinnati Financial Corporation announced that at regular meeting, the board of directors declared a 75 cents per share regular quarterly cash dividend. The dividend is payable January 16, 2024, to shareholders of record as of December 19, 2023.Reported Earnings • Oct 27Third quarter 2023 earnings released: US$0.63 loss per share (vs US$2.65 loss in 3Q 2022)Third quarter 2023 results: US$0.63 loss per share (improved from US$2.65 loss in 3Q 2022). Revenue: US$1.81b (up 29% from 3Q 2022). Net loss: US$99.0m (loss narrowed 76% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Oct 06Cincinnati Financial Corporation to Report Q3, 2023 Results on Oct 26, 2023Cincinnati Financial Corporation announced that they will report Q3, 2023 results After-Market on Oct 26, 2023Upcoming Dividend • Sep 08Upcoming dividend of US$0.75 per share at 2.9% yieldEligible shareholders must have bought the stock before 15 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.1%).Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. Independent Director Nancy Benacci was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: US$3.40 (vs US$5.06 loss in 2Q 2022)Second quarter 2023 results: EPS: US$3.40 (up from US$5.06 loss in 2Q 2022). Revenue: US$2.61b (up 218% from 2Q 2022). Net income: US$534.0m (up US$1.34b from 2Q 2022). Profit margin: 21% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.9% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Jul 07Cincinnati Financial Corporation to Report Q2, 2023 Results on Jul 27, 2023Cincinnati Financial Corporation announced that they will report Q2, 2023 results After-Market on Jul 27, 2023Upcoming Dividend • Jun 09Upcoming dividend of US$0.75 per share at 3.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 14 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%).Recent Insider Transactions • Jun 01Lead Independent Director recently bought €92k worth of stockOn the 25th of May, Dirk Debbink bought around 1k shares on-market at roughly €91.74 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €490k more in shares than they have sold in the last 12 months.お知らせ • May 09+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on July 14, 2023Cincinnati Financial Corporation announced that at its regular meeting on May 6, 2023, the board of directors declared a 75-cents-per-share regular quarterly cash dividend. The dividend is payable July 14, 2023, to shareholders of record as of June 16, 2023.Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: US$1.43 (vs US$1.66 loss in 1Q 2022)First quarter 2023 results: EPS: US$1.43 (up from US$1.66 loss in 1Q 2022). Revenue: US$2.24b (up 84% from 1Q 2022). Net income: US$225.0m (up US$491.0m from 1Q 2022). Profit margin: 10.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Jan 31Cincinnati Financial Corporation Announces Executive ChangesCincinnati Financial Corporation announced that on January 27, 2023, its U.S. subsidiary companies held their regular shareholder and board meetings, Dirk J. Debbink, lead director, was appointed to the property casualty and life insurance subsidiary boards, joining the executive and investment committees. He was also appointed to the investment committee of the Cincinnati Financial board. Steven A. Soloria, CFA, CPCU, senior vice president, was promoted to chief investment officer and named an executive officer and director of the property casualty and life insurance subsidiaries.お知らせ • Jan 28+ 2 more updatesCincinnati Financial Corporation Provides Earnings Guidance for the Fourth-Quarter 2022Cincinnati Financial Corporation provided earnings guidance for the fourth-quarter 2022. For the period, the company net income is estimated to be between $6.37 and $6.43 per share.お知らせ • Jan 06Cincinnati Financial Corporation to Report Q4, 2022 Results on Feb 06, 2023Cincinnati Financial Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2023Recent Insider Transactions • Dec 11Lead Independent Director recently bought €101k worth of stockOn the 6th of December, Dirk Debbink bought around 1k shares on-market at roughly €101 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €512k more in shares than they have sold in the last 12 months.Upcoming Dividend • Dec 08Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 15 December 2022. Payment date: 13 January 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%).Reported Earnings • Nov 02Third quarter 2022 earnings released: US$2.65 loss per share (vs US$0.95 profit in 3Q 2021)Third quarter 2022 results: US$2.65 loss per share (down from US$0.95 profit in 3Q 2021). Revenue: US$1.41b (down 21% from 3Q 2021). Net loss: US$418.0m (down 373% from profit in 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be €128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 69% in the next 2 years.Upcoming Dividend • Sep 08Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 14 October 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.2%).Recent Insider Transactions • Sep 07Independent Director recently bought €55k worth of stockOn the 1st of September, Douglas Skidmore bought around 565 shares on-market at roughly €97.36 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €98k. Insiders have collectively bought €500k more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €91.98, the stock trades at a forward P/E ratio of 227x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 4.7% over the past three years.Recent Insider Transactions • Aug 03Independent Director recently bought €96k worth of stockOn the 29th of July, David Osborn bought around 1k shares on-market at roughly €95.78 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €389k more in shares than they have sold in the last 12 months.Reported Earnings • Jul 28Second quarter 2022 earnings released: US$5.06 loss per share (vs US$4.36 profit in 2Q 2021)Second quarter 2022 results: US$5.06 loss per share (down from US$4.36 profit in 2Q 2021). Revenue: US$820.0m (down 64% from 2Q 2021). Net loss: US$808.0m (down 215% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 9.9%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 09Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 16 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.9%).Reported Earnings • Apr 30First quarter 2022 earnings released: US$1.70 loss per share (vs US$3.85 profit in 1Q 2021)First quarter 2022 results: US$1.70 loss per share (down from US$3.85 profit in 1Q 2021). Revenue: US$1.22b (down 45% from 1Q 2021). Net loss: US$273.0m (down 144% from profit in 1Q 2021). Over the next year, revenue is expected to shrink by 14% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 10Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 17 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (4.7%).Reported Earnings • Feb 16Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$18.29 (up from US$7.54 in FY 2020). Revenue: US$9.63b (up 28% from FY 2020). Net income: US$2.95b (up 142% from FY 2020). Profit margin: 31% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Over the next year, revenue is expected to shrink by 24% compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 08Upcoming dividend of US$0.63 per shareEligible shareholders must have bought the stock before 15 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.2%).Recent Insider Transactions • Dec 03Independent Director recently bought €89k worth of stockOn the 29th of November, Dirk Debbink bought around 855 shares on-market at roughly €104 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €160k more in shares than they have sold in the last 12 months.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS US$0.95 (vs US$3.01 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.79b (down 20% from 3Q 2020). Net income: US$153.0m (down 68% from 3Q 2020). Profit margin: 8.6% (down from 22% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 08Upcoming dividend of US$0.63 per shareEligible shareholders must have bought the stock before 15 September 2021. Payment date: 15 October 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.3%).Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$4.36 (vs US$5.65 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.30b (down 15% from 2Q 2020). Net income: US$703.0m (down 23% from 2Q 2020). Profit margin: 31% (down from 34% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 10Upcoming dividend of US$0.63 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 15 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%).Reported Earnings • Apr 30First quarter 2021 earnings released: EPS US$3.85 (vs US$7.56 loss in 1Q 2020)The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: US$2.23b (down 2,350% from 1Q 2020). Net income: US$620.0m (up US$1.85b from 1Q 2020). Profit margin: 28% (down from 1,238% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 28Revenue beats expectationsRevenue exceeded analyst estimates by 16%. Over the next year, revenue is expected to shrink by 9.0% compared to a 15% growth forecast for the Insurance industry in Germany.Reported Earnings • Feb 28Full year 2020 earnings released: EPS US$7.54 (vs US$12.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$7.54b (down 4.9% from FY 2019). Net income: US$1.22b (down 39% from FY 2019). Profit margin: 16% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Combined ratio: 98.1% (up from 93.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 20New 90-day high: €78.00The company is up 19% from its price of €65.50 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €142 per share.Reported Earnings • Feb 12Full year 2020 earnings released: EPS US$7.55 (vs US$12.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$7.54b (down 4.9% from FY 2019). Net income: US$1.22b (down 39% from FY 2019). Profit margin: 16% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Combined ratio: 98.1% (up from 93.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 16%. Over the next year, revenue is expected to shrink by 10% compared to a 15% growth forecast for the Insurance industry in Germany.Is New 90 Day High Low • Jan 13New 90-day high: €74.00The company is up 11% from its price of €66.50 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €134 per share.Recent Insider Transactions • Nov 20Insider recently bought €168k worth of stockOn the 16th of November, Thomas Aaron bought around 3k shares on-market at roughly €67.29 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €6.0m more in shares than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 18% share price gain to US$71.50, the stock is trading at a trailing P/E ratio of 15.1x, up from the previous P/E ratio of 12.8x. This compares to an average P/E of 10x in the Insurance industry in Germany. Total returns to shareholders over the past three years are 25%.Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 32% at US$2.23b. Revenue is expected to shrink by 3.9% over the next year, compared to a 16% growth forecast for the Insurance industry in Germany.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$793.0m, down 15% from the prior year. Total revenue was US$6.99b over the last 12 months, up 7.6% from the prior year.Is New 90 Day High Low • Oct 29New 90-day low: €60.50The company is down 11% from its price of €68.00 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €117 per share.株主還元CCJDE InsuranceDE 市場7D2.5%1.8%3.2%1Y13.1%-1.2%2.5%株主還元を見る業界別リターン: CCJ過去 1 年間で-1.2 % の収益を上げたGerman Insurance業界を上回りました。リターン対市場: CCJ過去 1 年間で2.5 % の収益を上げたGerman市場を上回りました。価格変動Is CCJ's price volatile compared to industry and market?CCJ volatilityCCJ Average Weekly Movement3.1%Insurance Industry Average Movement3.8%Market Average Movement6.1%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.7%安定した株価: CCJ 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: CCJの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19505,705Steve Spraywww.cinfin.comシンシナティ・ファイナンシャル・コーポレーションは米国で損害保険商品を提供している。同社は5つのセグメントで事業を展開している：すなわち、コマーシャルライン保険、パーソナルライン保険、エクセス＆サープラスライン保険、生命保険、投資である。コマーシャルライン保険部門は、商業用傷害保険、損害保険、商業用自動車保険、労災保険を提供している。この部門はまた、契約保証、商業保証、信用保証、経営者賠償責任、機械設備保険商品も提供している。個人向け損害保険部門は個人向け自動車保険、住宅所有者保険、その他個人向け火災保険、内航海運保険、個人賠償責任保険、水上バイク保険などを提供している。エクセス＆サープラス・ライン保険部門は、事業所内で発生した事故や事業活動から生じた事故（製品による負傷など）による第三者賠償責任を補償する商業用損害保険、その他、雑損事故、専門職賠償責任、超過賠償責任から成る保険、火災、風災、ひょう災、水災、盗難、破壊行為など様々な原因による損失や損害から建物、在庫、設備、事業収入を保証する商業用不動産保険を提供している。生命保険部門は、定期生命保険、ユニバーサル生命保険、事業所保険、終身保険、および年金商品を提供している。投資部門は、課税・非課税債券、償還可能優先株を含む固定満期投資、および普通株と非償還優先株から成る株式投資を行っている。同社はまた、商業リースおよび融資サービス、保険仲介サービスも提供している。シンシナティ・ファイナンシャル・コーポレーションは1950年に設立され、オハイオ州フェアフィールドに本社を置く。もっと見るCincinnati Financial Corporation 基礎のまとめCincinnati Financial の収益と売上を時価総額と比較するとどうか。CCJ 基礎統計学時価総額€22.40b収益（TTM）€2.38b売上高(TTM)€11.14b9.4xPER（株価収益率2.0xP/SレシオCCJ は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CCJ 損益計算書（TTM）収益US$12.93b売上原価US$9.32b売上総利益US$3.61bその他の費用US$855.00m収益US$2.76b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）17.82グロス・マージン27.94%純利益率21.33%有利子負債／自己資本比率5.2%CCJ の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.2%現在の配当利回り20%配当性向CCJ 配当は確実ですか？CCJ 配当履歴とベンチマークを見るCCJ 、いつまでに購入すれば配当金を受け取れますか？Cincinnati Financial 配当日配当落ち日Jun 23 2026配当支払日Jul 15 2026配当落ちまでの日数29 days配当支払日までの日数51 daysCCJ 配当は確実ですか？CCJ 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 01:27終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cincinnati Financial Corporation 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。17 アナリスト機関Michael ZaremskiBMO Capital Markets Equity ResearchJoshua ShankerBofA Global ResearchRobert FarnamBrean Capital Historical (Janney Montgomery)14 その他のアナリストを表示
Declared Dividend • May 20First quarter dividend of US$0.94 announcedShareholders will receive a dividend of US$0.94. Ex-date: 23rd June 2026 Payment date: 15th July 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 71% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 05Cincinnati Financial Corporation Approves Amended and Restated Articles of IncorporationCincinnati Financial Corporation at its annual meeting on May 2, 2026 approved the Amended and Restated Articles of Incorporation.
お知らせ • Apr 08Cincinnati Financial Corporation to Report Q1, 2026 Results on Apr 27, 2026Cincinnati Financial Corporation announced that they will report Q1, 2026 results After-Market on Apr 27, 2026
お知らせ • Mar 04Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026. Location: cincinnati art museum, 953 eden park drive, cincinnati, ohio 45202, United States
お知らせ • Jan 31+ 1 more updateCincinnati Financial Corporation Announces Executive AppointmentsCincinnati Financial Corporation announced the following associates were named executive officers and elected to the board of directors of all property casualty subsidiaries: Luyang Fu, Ph.D., FCAS, MAAA, senior vice president and chief actuary. Mr. Fu oversees all actuarial activities, including pricing, reserving, predictive modeling, forecasting and risk analytics for the corporation's standard and excess and surplus lines subsidiaries. R. Phillip Sandercox, CPCU, ARe, senior vice president. As head of Cincinnati Re, Mr. Sandercox holds executive oversight of the corporation's reinsurance assumed operations, including underwriting, pricing and claims. Andrew M. Schnell, CPA, CPCU, AINS, senior vice president and treasurer. Mr. Schnell leads the corporation's accounting and SEC reporting operations.
お知らせ • Jan 08Cincinnati Financial Corporation to Report Q4, 2025 Results on Feb 09, 2026Cincinnati Financial Corporation announced that they will report Q4, 2025 results After-Market on Feb 09, 2026
Declared Dividend • May 20First quarter dividend of US$0.94 announcedShareholders will receive a dividend of US$0.94. Ex-date: 23rd June 2026 Payment date: 15th July 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 71% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 05Cincinnati Financial Corporation Approves Amended and Restated Articles of IncorporationCincinnati Financial Corporation at its annual meeting on May 2, 2026 approved the Amended and Restated Articles of Incorporation.
お知らせ • Apr 08Cincinnati Financial Corporation to Report Q1, 2026 Results on Apr 27, 2026Cincinnati Financial Corporation announced that they will report Q1, 2026 results After-Market on Apr 27, 2026
お知らせ • Mar 04Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026Cincinnati Financial Corporation, Annual General Meeting, May 02, 2026. Location: cincinnati art museum, 953 eden park drive, cincinnati, ohio 45202, United States
お知らせ • Jan 31+ 1 more updateCincinnati Financial Corporation Announces Executive AppointmentsCincinnati Financial Corporation announced the following associates were named executive officers and elected to the board of directors of all property casualty subsidiaries: Luyang Fu, Ph.D., FCAS, MAAA, senior vice president and chief actuary. Mr. Fu oversees all actuarial activities, including pricing, reserving, predictive modeling, forecasting and risk analytics for the corporation's standard and excess and surplus lines subsidiaries. R. Phillip Sandercox, CPCU, ARe, senior vice president. As head of Cincinnati Re, Mr. Sandercox holds executive oversight of the corporation's reinsurance assumed operations, including underwriting, pricing and claims. Andrew M. Schnell, CPA, CPCU, AINS, senior vice president and treasurer. Mr. Schnell leads the corporation's accounting and SEC reporting operations.
お知らせ • Jan 08Cincinnati Financial Corporation to Report Q4, 2025 Results on Feb 09, 2026Cincinnati Financial Corporation announced that they will report Q4, 2025 results After-Market on Feb 09, 2026
お知らせ • Nov 15Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on January 15, 2026Cincinnati Financial Corporation announced that at its regular meeting, the board of directors declared an 87 cents-per-share regular quarterly cash dividend. The dividend is payable January 15, 2026, to shareholders of record as of December 22, 2025.
お知らせ • Oct 07Cincinnati Financial Corporation to Report Q3, 2025 Results on Oct 27, 2025Cincinnati Financial Corporation announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 27, 2025
お知らせ • Aug 23Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on October 15, 2025Cincinnati Financial Corporation announced that at regular meeting held on August 22, 2025, the board of directors declared an 87 cents-per-share regular quarterly cash dividend. The dividend is payable October 15, 2025, to shareholders of record as of September 22, 2025.
お知らせ • Jul 08Cincinnati Financial Corporation to Report Q2, 2025 Results on Jul 28, 2025Cincinnati Financial Corporation announced that they will report Q2, 2025 results After-Market on Jul 28, 2025
お知らせ • Jun 21Cincinnati Financial Corporation Appoints Edward S. Wilkins as Independent Director, Effective June 20, 2025Cincinnati Financial Corporation's board of directors added a 14seat, appointing Edward S. Wilkins, CPA, to the board and as a member of its audit committee, effective June 20, 2025. Wilkins is a retired Audit & Assurance partner with Deloitte & Touche LLP. During his more than 35 years at Deloitte, he served as the lead audit partner for some of the organization's largest clients, primarily in the financial services sector. As leader of Deloitte's audit analytics practice, Wilkins was instrumental in integrating large data and analytics into current audit approaches, working closely with the national audit group to drive innovation and embrace change. Wilkins also represented Deloitte on several committees that shaped leading practices for the audit profession, including the Public Company Accounting Oversight Board'sData and Technology Task Force, the Center of Audit Quality's Data Analytics Task Force and the American Institute of Certified Public Accountants/National Association of Insurance Commissioners Task Force.
お知らせ • May 06+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on July 15, 2025Cincinnati Financial Corporation announced that at its regular meeting on May 3, 2025, the board of directors declared an 87 cents-per-share regular quarterly cash dividend. The dividend is payable on July 15, 2025, to shareholders of record as of June 23, 2025.
お知らせ • Apr 08Cincinnati Financial Corporation to Report Q1, 2025 Results on Apr 28, 2025Cincinnati Financial Corporation announced that they will report Q1, 2025 results After-Market on Apr 28, 2025
お知らせ • Mar 06Cincinnati Financial Corporation, Annual General Meeting, May 03, 2025Cincinnati Financial Corporation, Annual General Meeting, May 03, 2025. Location: cincinnati art museum, 953 eden park drive, cincinnati, ohio 45202, United States
お知らせ • Feb 03Cincinnati Financial Corporation Announces Executive Changes at its U.S. Subsidiary CompaniesCincinnati Financial Corporation announced that on January 31, 2025, its U.S. subsidiary companies held their regular shareholder and board meetings and appointing corporate officers. Scott A. Schuler was promoted to senior vice president – Personal Lines, named an executive officer and elected to the boards of all property casualty insurance subsidiaries. Chet H. Swisher was promoted to senior vice president – Commercial Lines, named an executive officer and elected to the boards of all standard market property casualty insurance subsidiaries. Dawn S. Chapel, CPCU, RPLU+, AIM, AIS, CRIS, APA, ARe, ASLI, AU, was promoted to senior vice president – Excess & Surplus Lines, named an executive officer and elected to the boards of all property casualty insurance subsidiaries and the insurance brokerage.
お知らせ • Feb 01Cincinnati Financial Corporation Increases Regular Quarterly Cash Dividend, Payable on April 15, 2025Cincinnati Financial Corporation announced that at its regular meeting held on January 31, 2025, the board of directors declared an 87 cents per share regular quarterly cash dividend, increasing by 7% from the previous 81 cents per share dividend paid on January 15, 2025. The dividend is payable April 15, 2025, to shareholders of record as of March 24, 2025.
お知らせ • Jan 08Cincinnati Financial Corporation to Report Q4, 2024 Results on Feb 10, 2025Cincinnati Financial Corporation announced that they will report Q4, 2024 results After-Market on Feb 10, 2025
お知らせ • Nov 16+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend,Payable on January 15, 2025Cincinnati Financial Corporation announced that, the board of directors declared an 81-cents-per-share regular quarterly cash dividend. The dividend is payable January 15, 2025, to shareholders of record as of December 19, 2024.
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: US$5.25 (vs US$0.63 loss in 3Q 2023)Third quarter 2024 results: EPS: US$5.25 (up from US$0.63 loss in 3Q 2023). Revenue: US$3.32b (up 83% from 3Q 2023). Net income: US$820.0m (up US$919.0m from 3Q 2023). Profit margin: 25% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 08Cincinnati Financial Corporation to Report Q3, 2024 Results on Oct 24, 2024Cincinnati Financial Corporation announced that they will report Q3, 2024 results After-Market on Oct 24, 2024
Declared Dividend • Sep 02Second quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 17th September 2024 Payment date: 15th October 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 67% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Aug 24Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend,Payable on October 15, 2024Cincinnati Financial Corporation announced that the board of directors declared an 81-cents-per-share regular quarterly cash dividend. The dividend is payable October 15, 2024, to shareholders of record as of September 17, 2024.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$1.99 (vs US$3.40 in 2Q 2023)Second quarter 2024 results: EPS: US$1.99 (down from US$3.40 in 2Q 2023). Revenue: US$2.54b (down 2.3% from 2Q 2023). Net income: US$312.0m (down 42% from 2Q 2023). Profit margin: 12% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Jul 10Cincinnati Financial Corporation to Report Q2, 2024 Results on Jul 25, 2024Cincinnati Financial Corporation announced that they will report Q2, 2024 results After-Market on Jul 25, 2024
Upcoming Dividend • Jun 11Upcoming dividend of US$0.81 per shareEligible shareholders must have bought the stock before 18 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).
Declared Dividend • May 13First quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 18th June 2024 Payment date: 15th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 42% over the next year. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 07+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on July 15, 2024Cincinnati Financial Corporation announced that at its regular meeting on May 4, 2024, the board of directors declared an 81 cents per share regular quarterly cash dividend. The dividend is payable July 15, 2024, to shareholders of record as of June 18, 2024.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$4.82 (vs US$1.43 in 1Q 2023)First quarter 2024 results: EPS: US$4.82 (up from US$1.43 in 1Q 2023). Revenue: US$2.94b (up 31% from 1Q 2023). Net income: US$755.0m (up 236% from 1Q 2023). Profit margin: 26% (up from 10.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Apr 05Cincinnati Financial Corporation to Report Q1, 2024 Results on Apr 25, 2024Cincinnati Financial Corporation announced that they will report Q1, 2024 results After-Market on Apr 25, 2024
Upcoming Dividend • Mar 11Upcoming dividend of US$0.81 per shareEligible shareholders must have bought the stock before 18 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%).
Reported Earnings • Feb 07Full year 2023 earnings released: EPS: US$11.74 (vs US$3.06 loss in FY 2022)Full year 2023 results: EPS: US$11.74 (up from US$3.06 loss in FY 2022). Revenue: US$10.0b (up 53% from FY 2022). Net income: US$1.84b (up US$2.33b from FY 2022). Profit margin: 18% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Declared Dividend • Feb 05Third quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 18th March 2024 Payment date: 15th April 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 2 years. However, it would need to fall by 69% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jan 27+ 1 more updateCincinnati Financial Corporation, Annual General Meeting, May 04, 2024Cincinnati Financial Corporation, Annual General Meeting, May 04, 2024.
お知らせ • Jan 10Cincinnati Financial Corporation to Report Fiscal Year 2023 Results on Feb 06, 2024Cincinnati Financial Corporation announced that they will report fiscal year 2023 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2024
Upcoming Dividend • Dec 11Upcoming dividend of US$0.75 per share at 2.9% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 16 January 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.8%).
お知らせ • Nov 18Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on January 16, 2024Cincinnati Financial Corporation announced that at regular meeting, the board of directors declared a 75 cents per share regular quarterly cash dividend. The dividend is payable January 16, 2024, to shareholders of record as of December 19, 2023.
Reported Earnings • Oct 27Third quarter 2023 earnings released: US$0.63 loss per share (vs US$2.65 loss in 3Q 2022)Third quarter 2023 results: US$0.63 loss per share (improved from US$2.65 loss in 3Q 2022). Revenue: US$1.81b (up 29% from 3Q 2022). Net loss: US$99.0m (loss narrowed 76% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Oct 06Cincinnati Financial Corporation to Report Q3, 2023 Results on Oct 26, 2023Cincinnati Financial Corporation announced that they will report Q3, 2023 results After-Market on Oct 26, 2023
Upcoming Dividend • Sep 08Upcoming dividend of US$0.75 per share at 2.9% yieldEligible shareholders must have bought the stock before 15 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.1%).
Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. Independent Director Nancy Benacci was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: US$3.40 (vs US$5.06 loss in 2Q 2022)Second quarter 2023 results: EPS: US$3.40 (up from US$5.06 loss in 2Q 2022). Revenue: US$2.61b (up 218% from 2Q 2022). Net income: US$534.0m (up US$1.34b from 2Q 2022). Profit margin: 21% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.9% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Jul 07Cincinnati Financial Corporation to Report Q2, 2023 Results on Jul 27, 2023Cincinnati Financial Corporation announced that they will report Q2, 2023 results After-Market on Jul 27, 2023
Upcoming Dividend • Jun 09Upcoming dividend of US$0.75 per share at 3.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 14 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%).
Recent Insider Transactions • Jun 01Lead Independent Director recently bought €92k worth of stockOn the 25th of May, Dirk Debbink bought around 1k shares on-market at roughly €91.74 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €490k more in shares than they have sold in the last 12 months.
お知らせ • May 09+ 1 more updateCincinnati Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on July 14, 2023Cincinnati Financial Corporation announced that at its regular meeting on May 6, 2023, the board of directors declared a 75-cents-per-share regular quarterly cash dividend. The dividend is payable July 14, 2023, to shareholders of record as of June 16, 2023.
Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: US$1.43 (vs US$1.66 loss in 1Q 2022)First quarter 2023 results: EPS: US$1.43 (up from US$1.66 loss in 1Q 2022). Revenue: US$2.24b (up 84% from 1Q 2022). Net income: US$225.0m (up US$491.0m from 1Q 2022). Profit margin: 10.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Jan 31Cincinnati Financial Corporation Announces Executive ChangesCincinnati Financial Corporation announced that on January 27, 2023, its U.S. subsidiary companies held their regular shareholder and board meetings, Dirk J. Debbink, lead director, was appointed to the property casualty and life insurance subsidiary boards, joining the executive and investment committees. He was also appointed to the investment committee of the Cincinnati Financial board. Steven A. Soloria, CFA, CPCU, senior vice president, was promoted to chief investment officer and named an executive officer and director of the property casualty and life insurance subsidiaries.
お知らせ • Jan 28+ 2 more updatesCincinnati Financial Corporation Provides Earnings Guidance for the Fourth-Quarter 2022Cincinnati Financial Corporation provided earnings guidance for the fourth-quarter 2022. For the period, the company net income is estimated to be between $6.37 and $6.43 per share.
お知らせ • Jan 06Cincinnati Financial Corporation to Report Q4, 2022 Results on Feb 06, 2023Cincinnati Financial Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2023
Recent Insider Transactions • Dec 11Lead Independent Director recently bought €101k worth of stockOn the 6th of December, Dirk Debbink bought around 1k shares on-market at roughly €101 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €512k more in shares than they have sold in the last 12 months.
Upcoming Dividend • Dec 08Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 15 December 2022. Payment date: 13 January 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%).
Reported Earnings • Nov 02Third quarter 2022 earnings released: US$2.65 loss per share (vs US$0.95 profit in 3Q 2021)Third quarter 2022 results: US$2.65 loss per share (down from US$0.95 profit in 3Q 2021). Revenue: US$1.41b (down 21% from 3Q 2021). Net loss: US$418.0m (down 373% from profit in 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be €128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 69% in the next 2 years.
Upcoming Dividend • Sep 08Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 15 September 2022. Payment date: 14 October 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.2%).
Recent Insider Transactions • Sep 07Independent Director recently bought €55k worth of stockOn the 1st of September, Douglas Skidmore bought around 565 shares on-market at roughly €97.36 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €98k. Insiders have collectively bought €500k more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €91.98, the stock trades at a forward P/E ratio of 227x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 4.7% over the past three years.
Recent Insider Transactions • Aug 03Independent Director recently bought €96k worth of stockOn the 29th of July, David Osborn bought around 1k shares on-market at roughly €95.78 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €389k more in shares than they have sold in the last 12 months.
Reported Earnings • Jul 28Second quarter 2022 earnings released: US$5.06 loss per share (vs US$4.36 profit in 2Q 2021)Second quarter 2022 results: US$5.06 loss per share (down from US$4.36 profit in 2Q 2021). Revenue: US$820.0m (down 64% from 2Q 2021). Net loss: US$808.0m (down 215% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 9.9%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 09Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 16 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.9%).
Reported Earnings • Apr 30First quarter 2022 earnings released: US$1.70 loss per share (vs US$3.85 profit in 1Q 2021)First quarter 2022 results: US$1.70 loss per share (down from US$3.85 profit in 1Q 2021). Revenue: US$1.22b (down 45% from 1Q 2021). Net loss: US$273.0m (down 144% from profit in 1Q 2021). Over the next year, revenue is expected to shrink by 14% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 10Upcoming dividend of US$0.69 per shareEligible shareholders must have bought the stock before 17 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (4.7%).
Reported Earnings • Feb 16Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$18.29 (up from US$7.54 in FY 2020). Revenue: US$9.63b (up 28% from FY 2020). Net income: US$2.95b (up 142% from FY 2020). Profit margin: 31% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Over the next year, revenue is expected to shrink by 24% compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 08Upcoming dividend of US$0.63 per shareEligible shareholders must have bought the stock before 15 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.2%).
Recent Insider Transactions • Dec 03Independent Director recently bought €89k worth of stockOn the 29th of November, Dirk Debbink bought around 855 shares on-market at roughly €104 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €160k more in shares than they have sold in the last 12 months.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS US$0.95 (vs US$3.01 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.79b (down 20% from 3Q 2020). Net income: US$153.0m (down 68% from 3Q 2020). Profit margin: 8.6% (down from 22% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 08Upcoming dividend of US$0.63 per shareEligible shareholders must have bought the stock before 15 September 2021. Payment date: 15 October 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.3%).
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$4.36 (vs US$5.65 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.30b (down 15% from 2Q 2020). Net income: US$703.0m (down 23% from 2Q 2020). Profit margin: 31% (down from 34% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 10Upcoming dividend of US$0.63 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 15 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%).
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS US$3.85 (vs US$7.56 loss in 1Q 2020)The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: US$2.23b (down 2,350% from 1Q 2020). Net income: US$620.0m (up US$1.85b from 1Q 2020). Profit margin: 28% (down from 1,238% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 28Revenue beats expectationsRevenue exceeded analyst estimates by 16%. Over the next year, revenue is expected to shrink by 9.0% compared to a 15% growth forecast for the Insurance industry in Germany.
Reported Earnings • Feb 28Full year 2020 earnings released: EPS US$7.54 (vs US$12.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$7.54b (down 4.9% from FY 2019). Net income: US$1.22b (down 39% from FY 2019). Profit margin: 16% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Combined ratio: 98.1% (up from 93.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 20New 90-day high: €78.00The company is up 19% from its price of €65.50 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €142 per share.
Reported Earnings • Feb 12Full year 2020 earnings released: EPS US$7.55 (vs US$12.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$7.54b (down 4.9% from FY 2019). Net income: US$1.22b (down 39% from FY 2019). Profit margin: 16% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Combined ratio: 98.1% (up from 93.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 16%. Over the next year, revenue is expected to shrink by 10% compared to a 15% growth forecast for the Insurance industry in Germany.
Is New 90 Day High Low • Jan 13New 90-day high: €74.00The company is up 11% from its price of €66.50 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €134 per share.
Recent Insider Transactions • Nov 20Insider recently bought €168k worth of stockOn the 16th of November, Thomas Aaron bought around 3k shares on-market at roughly €67.29 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €6.0m more in shares than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 18% share price gain to US$71.50, the stock is trading at a trailing P/E ratio of 15.1x, up from the previous P/E ratio of 12.8x. This compares to an average P/E of 10x in the Insurance industry in Germany. Total returns to shareholders over the past three years are 25%.
Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 32% at US$2.23b. Revenue is expected to shrink by 3.9% over the next year, compared to a 16% growth forecast for the Insurance industry in Germany.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$793.0m, down 15% from the prior year. Total revenue was US$6.99b over the last 12 months, up 7.6% from the prior year.
Is New 90 Day High Low • Oct 29New 90-day low: €60.50The company is down 11% from its price of €68.00 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €117 per share.
