Cincinnati Financial Corp (NASDAQ:CINF)
CAPS Rating:
The Company is a holding company managing its business through its subsidiaries. It markets Commercial lines property casualty insurance, Personal lines property casualty insurance, Life insurance and Investments through insurance agencies in 32 states.
RSS Headlines
Fool UK
Recs
I finally started a small position (50 shares) today. I picked it much lower on CAPS but there was such a glut of awesome dividend paying companies that an insurance company wasn't worth the risk, especially one so heavily invested in equities. Since the runup from 2009, most companies I follow have appreciated too much that they don't meet my criteria for a new position. CINF is still trading below book value, has an above average yield that is only 50% of FCF and they have raised it every year for 50 years. The last raise was small but I expect the increases to grow in size as the economy continues to recover and their substantial (25% of float) equities investments keep growing.