CINF Cincinnati Financial Corporation - Common Stock

NASDAQ · Insurance · View on SEC EDGAR ↗
$171.21
Price · Aug 19, 2026
Fundamentals as of Jul 27, 2026
52W Range
$150–$195
47% of range
Analyst Rating
HOLD
16 analysts
Price Target
$192
+12% upside
P/E (TTM)
11.2
ROE
16.0%
Net Profit Margin
18.9%

About Cincinnati Financial Corporation - Common Stock Company overview from Wikipedia

Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S.

Read more

Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S.

The Cincinnati Insurance Company was founded in 1950 by four agents, including brothers John Jack Schiff and Robert Cleveland Schiff.

The Cincinnati Life Insurance Company markets life and disability income insurance and annuities. CFC Investment Company supports the insurance subsidiaries and their independent agent representatives through commercial leasing and financing activities. CinFin Capital Management Company provides asset management services to institutions, corporations and individuals.

In 2001, SFAS 133 adjustments were included with realized capital gains or losses rather than investment income. The impact on nine-month 2001 earnings was an after-tax gain of $1.3 million. Prior period 2001 results were restated on this basis.

In 2008, Cincinnati began writing excess and surplus lines insurance under a new subsidiary called the Cincinnati Specialty Underwriters Insurance Company.

MSP Underwriting, a global specialty underwriter, was acquired in February 2019, and was rebranded Cincinnati Global Underwriting Ltd. on May 1, 2019. Based in London, Cincinnati Global Underwriting Ltd. operates through Cincinnati Global Underwriting Agency Ltd., which is the Lloyd's managing agent for Cincinnati Global Syndicate 318. Collectively, the group is known as Cincinnati Global.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

CINF Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$171.21
Market Cap
$26.47B
P/E (TTM)
11.2
EPS (TTM)
$15.17
Revenue (TTM)
$12.63B
Div Yield
2.0%
ROE
16.0%
Debt/Equity
—
52W Range
$150 – $195

CINF Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $12.63B
10-point trend, +131.8%
2016-12-31 → 2025-12-31
EPS $15.17
10-point trend, +327.3%
2016-12-31 → 2025-12-31
Free Cash Flow $3.09B
10-point trend, +183.7%
2016-12-31 → 2025-12-31
Margins 18.9%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
CINF
Peer Median
P/E (TTM)
5-point trend, +72.4%
11.2
13.6
P/S (TTM)
5-point trend, +5.9%
2.1
1.3
P/B
5-point trend, +14.5%
1.7
1.9
Price / FCF
5-point trend, -11.6%
8.6
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
CINF
Peer Median
Net Profit Margin
5-point trend, -38.1%
18.9%
10.9%
ROA
5-point trend, -38.2%
6.2%
2.8%
ROE
5-point trend, -32.1%
16.0%
17.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
CINF
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
CINF
Peer Median
Revenue YoY
5-point trend, +31.2%
11.4%
—
Revenue CAGR 3Y
5-point trend, +31.2%
24.4%
—
Revenue CAGR 5Y
5-point trend, +31.2%
10.9%
—
EPS YoY
5-point trend, -16.8%
4.4%
—
Net Income YoY
5-point trend, -19.4%
4.4%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
CINF
Peer Median
EPS (Diluted)
5-point trend, -16.8%
$15.17
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
CINF
Peer Median
Payout Ratio
5-point trend, +63.6%
21.9%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
2.0%
Payout Ratio
21.9%
5Y Div CAGR
—
Ex-dateAmount
June 23, 2026$0.9400
March 24, 2026$0.9400
Dec. 22, 2025$0.8700
Sept. 22, 2025$0.8700
June 23, 2025$0.8700
March 24, 2025$0.8700
Dec. 19, 2024$0.8100
Sept. 17, 2024$0.8100
June 18, 2024$0.8100
March 18, 2024$0.8100
Dec. 18, 2023$0.7500
Sept. 15, 2023$0.7500
June 15, 2023$0.7500
March 16, 2023$0.7500
Dec. 15, 2022$0.6900
Sept. 15, 2022$0.6900
June 16, 2022$0.6900
March 17, 2022$0.6900
Dec. 15, 2021$0.6300
Sept. 15, 2021$0.6300

CINF Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 16 analysts
  • Strong Buy 2 12.5%
  • Buy 6 37.5%
  • Hold 8 50.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

6 analysts · 2026-08-18
Median target $192.50 +12.4%
Mean target $191.67 +11.9%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.30%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.43 $1.88 -0.45%
March 31, 2026 $2.10 $1.99 0.11%
Dec. 31, 2025 $3.37 $2.95 0.42%
Sept. 30, 2025 $2.85 $2.10 0.75%
June 30, 2025 $1.97 $1.43 0.54%
March 31, 2025 $-0.24 $-0.63 0.39%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CINF $25.38B 10.8 11.4% 18.9% 16.0% —
TRV $63.09B 10.6 5.2% 12.9% 20.6% —
ALL $54.12B 5.5 5.6% 15.2% 39.5% —
AIG $46.04B 15.8 -1.8% 11.6% 7.4% —
HIG $38.16B 10.3 6.9% 13.5% 21.4% —
WRB $26.45B 15.8 7.8% 12.1% 19.7% —
L — 13.2 5.4% 9.0% 9.3% —
MKL $27.06B 12.7 4.7% 13.6% 11.9% —
AIZ — — — — — —
CNA $12.92B 10.2 5.0% 8.5% 11.6% —
FNF $14.79B 24.7 5.6% 4.2% 7.9% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 11
Annual Income Statement data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +155.4% $12.63B $11.34B $10.01B $6.56B $9.63B $7.54B $7.92B $5.41B $5.73B $5.45B $5.14B $4.95B
Interest Expense 12-point trend, +0.0% $53M $53M $54M $53M $53M $54M $53M $53M $53M $53M $53M $53M
Interest Income 12-point trend, +109.8% $875M $733M $600M $510M $477M $455M $446M $445M $445M $440M $428M $417M
Pretax Income 12-point trend, +313.3% $2.98B $2.86B $2.28B $-694M $3.70B $1.50B $2.47B $251M $730M $812M $881M $721M
Income Tax 12-point trend, +199.5% $587M $566M $433M $-207M $730M $283M $475M $-36M $-315M $221M $247M $196M
Net Income 12-point trend, +355.8% $2.39B $2.29B $1.84B $-487M $2.97B $1.22B $2.00B $287M $1.04B $591M $634M $525M
EPS (Basic) 12-point trend, +377.3% $15.32 $14.65 $11.74 $-3.06 $18.43 $7.55 $12.24 $1.76 $6.36 $3.59 $3.87 $3.21
EPS (Diluted) 12-point trend, +377.0% $15.17 $14.53 $11.66 $-3.06 $18.24 $7.49 $12.10 $1.75 $6.29 $3.55 $3.83 $3.18
Shares (Basic) 12-point trend, -4.5% 156,100,000 156,400,000 157,000,000 158,800,000 161,000,000 161,200,000 163,200,000 163,200,000 164,200,000 164,500,000 164,000,000 163,500,000
Shares (Diluted) 12-point trend, -4.5% 157,700,000 157,800,000 158,100,000 158,800,000 162,700,000 162,400,000 165,100,000 164,500,000 166,000,000 166,500,000 165,600,000 165,100,000
EBITDA 8-point trend, +82.4% · · · · $93M $81M $72M $63M $55M $48M $52M $51M
Balance Sheet 15
Annual Balance Sheet data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +142.1% $1.43B $983M $907M $1.26B $1.14B $900M $767M $784M $657M $777M $544M $591M
Short-term Investments 4-point trend, +148000000.00 $148M $298M $0 · · · · · · · · $0
PP&E (Net) 12-point trend, +12.9% $219M $214M $208M $202M $205M $213M $207M $195M $185M $183M $185M $194M
Accum. Depreciation 12-point trend, -17.7% $367M $347M $337M $322M $303M $285M $276M $265M $253M $237M $459M $446M
Total Assets 12-point trend, +118.7% $41.00B $36.50B $32.77B $29.73B $31.39B $27.54B $25.41B $21.93B $21.84B $20.39B $18.89B $18.75B
Deferred Tax 7-point trend, +69.9% $1.83B $1.48B $1.32B $1.05B $1.74B $1.30B $1.08B · · · · ·
Total Liabilities 12-point trend, +106.1% $25.09B $22.57B $20.67B $19.17B $18.28B $16.75B $15.54B $14.10B $13.60B $13.33B $12.46B $12.18B
Long-term Debt 12-point trend, +0.5% $790M $790M $790M $789M $789M $788M $788M $788M $787M $787M $786M $786M
Common Stock Flat — no change across 12 periods $397M $397M $397M $397M $397M $397M $397M $397M $397M $397M $397M $397M
Retained Earnings 12-point trend, +271.1% $16.72B $14.87B $13.08B $11.71B $12.62B $10.09B $9.26B $7.62B $5.18B $5.04B $4.76B $4.50B
Treasury Stock 12-point trend, +112.3% $2.73B $2.52B $2.38B $2.32B $1.92B $1.79B $1.54B $1.49B $1.39B $1.32B $1.31B $1.29B
AOCI 12-point trend, -101.9% $-34M $-309M $-435M $-614M $648M $769M $448M $22M $2.79B $1.69B $1.34B $1.74B
Stockholders' Equity 12-point trend, +142.1% $15.91B $13.94B $12.10B $10.56B $12.76B $10.79B $9.86B $7.83B $8.24B $7.06B $6.43B $6.57B
Liabilities + Equity 12-point trend, +118.7% $41.00B $36.50B $32.77B $29.73B $31.39B $27.54B $25.41B $21.93B $21.84B $20.39B $18.89B $18.75B
Shares Outstanding 12-point trend, -5.1% 155,400,000 156,400,000 157,000,000 157,100,000 160,300,000 160,900,000 162,900,000 162,800,000 163,900,000 164,400,000 163,900,000 163,700,000
Cash Flow 15
Annual Cash Flow data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
D&A 8-point trend, +82.4% · · · · $93M $81M $72M $63M $55M $48M $52M $51M
Stock-based Comp 8-point trend, +73.7% · · · · $33M $31M $30M $28M $26M $23M $20M $19M
Deferred Tax 12-point trend, +664.9% $283M $117M $223M $-355M $483M $136M $343M $-47M $-444M $38M $16M $37M
Other Non-cash 8-point trend, -750.6% · · · · $-1.57B $27M $-1.23B $850M $370M $403M $342M $241M
Operating Cash Flow 12-point trend, +256.5% $3.11B $2.65B $2.05B $2.05B $1.98B $1.49B $1.21B $1.18B $1.05B $1.11B $1.07B $873M
CapEx 12-point trend, +122.2% $20M $22M $18M $15M $15M $20M $24M $20M $16M $13M $10M $9M
Investing Cash Flow 12-point trend, -443.7% $-1.69B $-1.70B $-1.61B $-933M $-1.06B $-560M $-679M $-451M $-558M $-456M $-624M $-311M
Stock Repurchased 12-point trend, +876.2% $205M $126M $67M $410M $144M $261M $67M $125M $92M $39M $53M $21M
Net Stock Activity 12-point trend, -876.2% $-205M $-126M $-67M $-410M $-144M $-261M $-67M $-125M $-92M $-39M $-53M $-21M
Dividends Paid 12-point trend, +88.8% $525M $490M $454M $423M $395M $375M $355M $336M $400M $306M $366M $278M
Financing Cash Flow 12-point trend, -140.8% $-973M $-877M $-801M $-994M $-685M $-798M $-546M $-603M $-614M $-426M $-498M $-404M
Net Change in Cash 12-point trend, +183.5% $448M $76M $-357M $125M $239M $133M $-17M $127M $-120M $233M $-47M $158M
Taxes Paid 11-point trend, +220000000.00 $220M $395M $136M · $0 $0 $94M $0 $18M $2M $0 $0
Free Cash Flow 12-point trend, +257.9% $3.09B $2.63B $2.03B $2.04B $1.97B $1.47B $1.18B $1.16B $1.04B $1.09B $1.05B $864M
Levered FCF 12-point trend, +269.4% $3.05B $2.58B $1.99B $2.00B $1.92B $1.43B $1.14B $1.10B $960M $1.05B $1.02B $825M
Profitability 5
Annual Profitability data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, +78.4% 18.9% 20.2% 18.4% -7.4% 30.6% 16.1% 25.2% 5.3% 18.2% 10.8% 12.3% 10.6%
Pretax Margin 12-point trend, +61.8% 23.6% 25.2% 22.7% -10.6% 38.1% 19.9% 31.2% 4.6% 12.7% 14.9% 17.1% 14.6%
EBITDA Margin 8-point trend, -5.8% · · · · 0.97% 1.1% 0.91% 1.2% 0.96% 0.88% 1.0% 1.0%
ROA 12-point trend, +114.6% 6.2% 6.6% 5.9% -1.6% 10.0% 4.6% 8.4% 1.3% 5.0% 3.0% 3.4% 2.9%
ROE 12-point trend, +97.8% 16.0% 16.5% 16.2% -4.9% 23.6% 11.8% 20.8% 3.5% 13.3% 8.3% 9.9% 8.1%
Efficiency 1
Annual Efficiency data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +20.0% 0.3 0.3 0.3 0.2 0.3 0.3 0.3 0.2 0.3 0.3 0.3 0.3
Per Share 6
Annual Per Share data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +208.9% $102.39 $89.10 $77.06 $67.03 $81.75 $67.05 $49.74 $39.50 $41.57 $35.60 $32.41 $33.15
Revenue / Share 12-point trend, +167.4% $80.10 $71.84 $63.33 $41.29 $59.19 $46.40 $48.00 $32.87 $34.53 $32.73 $31.05 $29.95
Cash Flow / Share 12-point trend, +273.2% $19.73 $16.79 $12.98 $12.92 $12.18 $9.18 $7.32 $7.18 $6.34 $6.62 $6.43 $5.29
Cash / Share 8-point trend, +138.4% · · · · $7.11 $5.59 $3.87 $3.95 $3.31 $3.92 $2.74 $2.98
Dividend / Share 12-point trend, +97.7% $3 $3 $3 $3 $3 $2 $2 $2 $2 $2 $2 $2
EPS (TTM) 12-point trend, +377.0% $15.17 $14.53 $11.66 $-3.06 $18.24 $7.49 $12.10 $1.75 $6.29 $3.55 $3.83 $3.18
Growth Rates 10
Annual Growth Rates data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -58.9% 11.4% 13.2% 52.6% -31.8% 27.7% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +145.4% 24.4% 5.6% 9.9% · · · · · · · · ·
Revenue CAGR 5Y 10.9% · · · · · · · · · · ·
EPS YoY 3-point trend, -96.9% 4.4% 24.6% · · 143.5% · · · · · · ·
EPS CAGR 3Y 2-point trend, -145.9% · -7.3% 15.9% · · · · · · · · ·
EPS CAGR 5Y 15.2% · · · · · · · · · · ·
Net Income YoY 3-point trend, -96.9% 4.4% 24.4% · · 144.1% · · · · · · ·
Net Income CAGR 3Y 2-point trend, -155.5% · -8.2% 14.9% · · · · · · · · ·
Net Income CAGR 5Y 14.5% · · · · · · · · · · ·
Dividend CAGR 5Y 7.0% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for CINF
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +155.4% $12.63B $11.34B $10.01B $6.56B $9.63B $7.54B $7.92B $5.41B $5.73B $5.45B $5.14B $4.95B
Net Income TTM 12-point trend, +355.8% $2.39B $2.29B $1.84B $-487M $2.97B $1.22B $2.00B $287M $1.04B $591M $634M $525M
Market Cap 12-point trend, +146.9% $25.38B $22.47B $16.24B $16.09B $18.26B $14.06B $20.85B $15.35B $14.87B $15.02B $11.73B $10.28B
P/E 12-point trend, -33.9% 10.8 9.9 8.9 -33.5 6.2 11.7 8.7 44.2 11.9 21.3 15.4 16.3
P/S 12-point trend, -3.3% 2.0 2.0 1.6 2.5 1.9 1.9 2.6 2.8 2.6 2.8 2.3 2.1
P/B 12-point trend, +2.0% 1.6 1.6 1.3 1.5 1.4 1.3 2.1 2.0 1.8 2.1 1.8 1.6
P / Tangible Book 6-point trend, +22.4% 1.6 1.6 1.3 1.5 1.4 1.3 · · · · · ·
P / Cash Flow 12-point trend, -30.7% 8.2 8.5 7.9 7.8 9.2 9.4 17.3 13.0 14.1 13.6 11.0 11.8
P / FCF 12-point trend, -31.0% 8.2 8.6 8.0 7.9 9.3 9.6 17.6 13.2 14.3 13.8 11.1 11.9
Dividend Yield 12-point trend, -23.3% 2.1% 2.2% 2.8% 2.6% 2.2% 2.7% 1.7% 2.2% 2.7% 2.0% 3.1% 2.7%
Earnings Yield 12-point trend, +51.3% 9.3% 10.1% 11.3% -3.0% 16.0% 8.6% 11.5% 2.3% 8.4% 4.7% 6.5% 6.1%
Payout Ratio 12-point trend, -58.6% 21.9% 21.4% 24.6% -87.0% 13.4% 30.8% 17.8% 117.1% 38.3% 51.8% 57.7% 52.9%
Annual Payout 12-point trend, +88.8% $525M $490M $454M $423M $395M $375M $355M $336M $400M $306M $366M $278M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $12.63B$11.34B$10.01B$6.56B$9.63B
Net Income $2.39B$2.29B$1.84B$-487M$2.97B
Diluted EPS $15.17$14.53$11.66$-3.06$18.24
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $3.09B$2.63B$2.03B$2.04B$1.97B

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 1,028 filers · $13.8B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
129 (+22 vs prior Q) 83 (+2 vs prior Q) 316 (-24 vs prior Q) 297 (+5 vs prior Q) +27.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $1,874,437,896 10,124,435 13.57% Shares
STATE STREET CORP $1,588,862,721 8,539,606 11.50% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,508,900,627 8,150,052 10.92% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $1,011,198,361 5,461,804 7.32% Shares
GEODE CAPITAL MANAGEMENT, LLC $682,879,483 3,704,944 4.94% Shares
LONDON CO OF VIRGINIA $336,402,185 1,816,988 2.44% Shares
NORGES BANK $307,456,444 1,660,670 2.23% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $276,884,461 1,495,541 2.00% Shares
JOHNSON INVESTMENT COUNSEL INC $262,522,051 1,417,965 1.90% Shares
DIMENSIONAL FUND ADVISORS LP $239,438,147 1,293,282 1.73% Shares
Bahl & Gaynor LLC $225,336,980 1,217,117 1.63% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $224,873,821 1,214,615 1.63% Shares
GQG Partners LLC $216,679,259 1,170,338 1.57% Shares
ProShare Advisors LLC $186,884,202 1,009,421 1.35% Shares
VANGUARD FIDUCIARY TRUST CO $160,911,654 869,135 1.17% Shares
Vest Financial, LLC $116,496,197 629,233 0.84% Shares
FIFTH THIRD BANCORP $112,115,950 605,574 0.81% Shares
Caisse de depot et placement du Quebec $96,606,237 521,801 0.70% Shares
PFA Pension, Forsikringsaktieselskab $85,919,272 464,077 0.62% Shares
AEGON ASSET MANAGEMENT UK Plc $84,970,188 458,951 0.62% Shares
Boston Trust Walden Corp $84,350,162 455,602 0.61% Shares
Swiss National Bank $81,276,460 439,000 0.59% Shares
Mariner, LLC $77,853,444 420,513 0.56% Shares
Legal & General Group Plc $77,088,036 416,377 0.56% Shares
US BANCORP \DE\ $76,447,453 412,917 0.55% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $74,887,279 404,490 0.54% Shares
HSBC HOLDINGS PLC $73,515,206 397,079 0.53% Shares
Welch Group, LLC $73,317,527 396,011 0.53% Shares
BNP PARIBAS FINANCIAL MARKETS $73,014,958 394,377 0.53% Shares
RAYMOND JAMES FINANCIAL INC $72,200,795 389,979 0.52% Shares
Sumitomo Mitsui Trust Group, Inc. $65,886,883 355,876 0.48% Shares
VANGUARD ASSET MANAGEMENT, Ltd $63,420,448 342,554 0.46% Shares
Vanguard Global Advisers, LLC $61,794,548 333,772 0.45% Shares
PNC Financial Services Group, Inc. $59,389,394 320,781 0.43% Shares
GOLDMAN SACHS GROUP INC $59,273,357 320,154 0.43% Shares
VANGUARD GROUP INC $55,500,219 339,825 0.40% Shares
Topsail Wealth Management, LLC $55,385,223 297,642 0.40% Shares
VICTORY CAPITAL MANAGEMENT INC $54,344,699 293,533 0.39% Shares
BlackRock, Inc. $51,983,424 280,779 0.38% Shares
NOMURA ASSET MANAGEMENT CO LTD $51,824,574 279,921 0.38% Shares
National Pension Service $51,644,248 278,947 0.37% Shares
RHUMBLINE ADVISERS $51,027,448 275,616 0.37% Shares
California Public Employees Retirement System $50,232,370 271,321 0.36% Shares
BARCLAYS PLC $43,844,855 236,820 0.32% Shares
Quantinno Capital Management LP $42,499,932 229,555 0.31% Shares
BANK OF AMERICA CORP /DE/ $42,355,774 228,777 0.31% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $40,100,583 216,596 0.29% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $36,435,552 196,800 0.26% Call option
KEYBANK NATIONAL ASSOCIATION/OH $34,671,381 187,271 0.25% Shares
HUNTINGTON NATIONAL BANK $33,681,414 181,924 0.24% Shares
PRINCIPAL FINANCIAL GROUP INC $33,220,596 179,435 0.24% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $32,616,658 185,044 0.24% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $32,508,667 206,601 0.24% Shares
Arbejdsmarkedets Tillaegspension $32,251,388 174,200 0.23% Shares
Mirae Asset Global Investments Co., Ltd. $31,827,417 171,910 0.23% Shares
MILLENNIUM MANAGEMENT LLC $31,795,573 171,738 0.23% Shares
JONES FINANCIAL COMPANIES LLLP $31,294,051 170,002 0.23% Shares
JANE STREET GROUP, LLC $30,733,240 166,000 0.22% Call option
Gotham Asset Management, LLC $30,347,408 163,916 0.22% Shares
Allianz Asset Management GmbH $29,885,013 189,927 0.22% Shares
KORNITZER CAPITAL MANAGEMENT INC /KS $28,915,165 156,180 0.21% Shares
LPL Financial LLC $27,904,157 150,719 0.20% Shares
HighTower Advisors, LLC $26,613,655 143,749 0.19% Shares
STRS OHIO $26,058,085 140,748 0.19% Shares
ENVESTNET ASSET MANAGEMENT INC $25,815,605 139,438 0.19% Shares
Korea Investment CORP $25,783,707 139,266 0.19% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $25,526,733 137,878 0.18% Shares
ROYAL LONDON ASSET MANAGEMENT LTD $25,088,692 135,512 0.18% Shares
NFJ INVESTMENT GROUP, LLC $24,830,792 134,119 0.18% Shares
BARTLETT & CO. WEALTH MANAGEMENT LLC $24,824,950 133,410 0.18% Shares
ALLIANCEBERNSTEIN L.P. $24,762,484 157,372 0.18% Shares
AVIVA PLC $24,621,583 132,989 0.18% Shares
MERCER GLOBAL ADVISORS INC /ADV $24,382,255 131,696 0.18% Shares
APG Asset Management N.V. $23,273,262 143,720 0.17% Shares
UBS Group AG $22,894,968 123,663 0.17% Shares
Illinois Municipal Retirement Fund $22,540,054 121,746 0.16% Shares
CIBC Asset Management Inc $20,403,169 110,204 0.15% Shares
TWO SIGMA INVESTMENTS, LP $19,638,355 106,073 0.14% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $19,563,929 105,671 0.14% Shares
Kestra Advisory Services, LLC $18,938,157 102,291 0.14% Shares
MATHER GROUP, LLC. $18,383,372 99,294 0.13% Shares
CITADEL ADVISORS LLC $18,328,860 99,000 0.13% Call option
Cullen/Frost Bankers, Inc. $18,113,695 97,838 0.13% Shares
GatePass Capital, LLC $18,004,310 97,247 0.13% Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $17,776,032 96,014 0.13% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $17,310,590 93,500 0.13% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $17,033,806 92,005 0.12% Shares
Baird Financial Group, Inc. $16,958,083 91,596 0.12% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $16,626,545 105,666 0.12% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $16,500,255 89,605 0.12% Shares
Lighthouse Investment Partners, LLC $16,193,085 87,464 0.12% Shares
FRANKLIN RESOURCES INC $15,921,485 85,997 0.12% Shares
Aberdeen Group plc $15,817,066 85,433 0.11% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $15,736,900 85,000 0.11% Put option
STATE OF WISCONSIN INVESTMENT BOARD $15,351,439 82,918 0.11% Shares
Waverly Advisors, LLC $14,934,973 80,669 0.11% Shares
Brandywine Global Investment Management, LLC $14,873,062 91,067 0.11% Shares
Vanguard Investments Australia, Ltd. $14,731,405 79,569 0.11% Shares
AMERICAN CENTURY COMPANIES INC $14,551,511 78,597 0.11% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $14,411,853 77,843 0.10% Shares

Company insiders 49 insiders · 24 officers · 17 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Michael J Sewell CFO, Sr Vice Pres & Treasurer March 1, 2018 M 62,149 0 0 $0
David H Popplewell President - Subsidiary Nov. 13, 2015 A 73,057 0 0 $0
Thomas A Joseph President-Subsidiary March 1, 2012 M 1,618 0 0 $0
Roger A Brown Sr VP, COO - Subsidiary March 1, 2018 M 13,808 0 0 $0
John S Kellington EVP, Chief Info Off. -Sub June 8, 2026 M 127,052 0 0 $0
Luyang Fu Sr. VP, Chief Actuary - Sub May 28, 2026 F 11,345 0 0 $0
Steven J Johnston Chairman March 2, 2026 M 213,840 0 0 $0
Martin F Hollenbeck Sr.VP,Chief Investment Officer May 23, 2018 M 53,448 0 0 $0
Sean Michael Givler Sr Vice President - Subsidiary March 1, 2018 M 5,074 0 0 $0
Theresa A Hoffer Sr Vice President - Subsidiary March 1, 2018 M 28,454 0 0 $0
Will H Van Den Heuvel Sr. Vice President-Subsidiary March 1, 2018 M 10,697 0 0 $0
Stephen M Spray Sr Vice President - Subsidiary March 1, 2018 M 23,271 0 0 $0
Teresa C Cracas Sr VP, Chief Risk Off. - Sub March 1, 2018 M 21,490 0 0 $0
Lisa Anne Love Sr VP, Gen. Counsel, Corp Sec March 1, 2018 M 26,861 0 0 $0
Martin J Mullen Sr.VP,Chief Claims Officer-Sub March 1, 2018 M 66,324 0 0 $0
Donald J Doyle Jr Sr Vice President - Subsidiary March 1, 2018 M 28,435 0 0 $0
J F Scherer EVP & Chief Ins. Off. - Sub March 1, 2018 M 93,318 0 0 $0
Timothy L Timmel Sr. Vice President-Subsidiary March 1, 2017 M 127,613 0 0 $0
Charles P Stoneburner II Sr Vice President - Subsidiary Nov. 15, 2016 M 49,807 0 0 $0
Eric N Mathews Principal Acctg Officer June 2, 2016 M 44,230 0 0 $0
Joan O Shevchik Sr. Vice President-Subsidiary March 3, 2014 M 23,470 0 0 $0
Craig W Forrester Former Sr. VP-Subsidiary Sept. 28, 2012 S 1,213 0 0 $0
Kenneth S Miller Sr. Vice President & Nov. 21, 2007 A 86,487 0 0 $0
Daniel T Mccurdy Sr. Vice President (Ret.) - July 3, 2007 S 0 0 0 $0
Gretchen W Price Director Jan. 29, 2026 A 34,960 0 0 $0
Larry R Webb Director Jan. 29, 2026 A 4,758 0 0 $0
David P Osborn Director May 7, 2018 P 15,188 0 0 $0
Kenneth W Stecher Director March 1, 2018 M 66,152 0 0 $0
Linda W Clement-Holmes Director Jan. 25, 2018 A 10,253 0 0 $0
Gregory T. Bier Director Jan. 25, 2018 A 26,017 0 0 $0
Thomas R Schiff Director Jan. 25, 2018 A 1,772,423 0 0 $0
William F Bahl Director Jan. 25, 2018 A 187,876 0 0 $0
Kenneth C Lichtendahl Director Jan. 25, 2018 A 33,178 0 0 $0
Rodney W Mcmullen Director Jan. 25, 2018 A 51,352 0 0 $0
John J Schiff JR Director Feb. 14, 2017 G 3,234,294 0 0 $0
Anthony E Woods Director Jan. 30, 2014 A 47,945 0 0 $0
John M Shepherd Director Jan. 31, 2007 A 7,615 0 0 $0
Michael Brown Director Jan. 31, 2007 A 243,091 0 0 $0
Frank J Schulteis Director Jan. 25, 2005 A 2,466 0 0 $0
John E Field Director July 23, 2004 G 33,664 0 0 $0
Charles Odell Schiff — Aug. 3, 2026 S 173,455 0 1 $-1,333,040
Dirk J Debbink — Feb. 11, 2026 P 60,560 2 0 $316,560
John F Steele Jr — Jan. 29, 2026 A 1,806 0 0 $0
Douglas S Skidmore — Jan. 29, 2026 A 43,169 0 0 $0
CINCINNATI FINANCIAL CORP — Feb. 9, 2011 C 1,491,610 0 0 $0
James E Benoski — Jan. 27, 2011 A 125,331 0 0 $0
Larry R Plum — Oct. 6, 2009 G 1,723 0 0 $0
Dean W Dicke — March 28, 2005 S 30,810 0 0 $0
Robert C Schiff — Feb. 15, 2005 G 1,668,684 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 177 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
KBWP · Invesco Exchange-Traded Fund Trust … 3.80% 58,202 SH Aug. 8, 2026 Daily
IAK · iShares Trust 2.92% 90,302 SH Aug. 8, 2026 Daily
SPGP · Invesco Exchange-Traded Fund Trust 2.04% 267,798 SH Aug. 8, 2026 Daily
FGSI · First Trust Exchange-Traded Fund IV 2.00% 365 NS April 30, 2026 N-PORT
QDIV · Global X Funds 1.73% 3,603 NS May 31, 2026 N-PORT
FXO · First Trust Exchange-Traded AlphaDE… 1.54% 101,281 NS April 30, 2026 N-PORT
OASC · Unified Series Trust 1.52% 8,139 NS May 31, 2026 N-PORT
TMDV · ProShares Trust 1.50% 420 NS May 31, 2026 N-PORT
KNG · First Trust Exchange-Traded Fund IV 1.43% 294,540 NS April 30, 2026 N-PORT
NOBL · ProShares Trust 1.39% 974,590 NS May 31, 2026 N-PORT
SPVM · Invesco Exchange-Traded Fund Trust 1.37% 10,146 SH Aug. 8, 2026 Daily
CZA · Invesco Exchange-Traded Fund Trust 1.28% 13,889 SH Aug. 8, 2026 Daily
RSPF · Invesco Exchange-Traded Fund Trust 1.26% 21,994 SH Aug. 8, 2026 Daily
SPLV · Invesco Exchange-Traded Fund Trust … 1.02% 415,449 SH Aug. 8, 2026 Daily
ESLV · Strategy Shares 0.99% 711 NS April 30, 2026 N-PORT
FDIV · EA Series Trust 0.98% 4,372 NS April 30, 2026 N-PORT
RDVI · First Trust Exchange-Traded Fund IV 0.94% 175,673 NS April 30, 2026 N-PORT
ALTL · Pacer Funds Trust 0.88% 5,174 NS April 30, 2026 N-PORT
DVY · iShares Trust 0.82% 1,068,175 SH Aug. 8, 2026 Daily
JOET · Virtus ETF Trust II 0.78% 11,292 NS April 30, 2026 N-PORT
HUSV · First Trust Exchange-Traded Fund III 0.70% 3,115 NS April 30, 2026 N-PORT
SDVD · First Trust Exchange-Traded Fund IV 0.62% 31,789 NS April 30, 2026 N-PORT
SCHD · SCHWAB STRATEGIC TRUST 0.62% 3,726,202 NS May 31, 2026 N-PORT
VOE · VANGUARD INDEX FUNDS 0.50% 1,000,083 SH Aug. 8, 2026 Daily
FTC · First Trust Exchange-Traded AlphaDE… 0.48% 37,477 NS April 30, 2026 N-PORT
DEUS · DBX ETF Trust 0.47% 8,105 NS May 29, 2026 N-PORT
IYF · iShares Trust 0.41% 100,723 SH Aug. 8, 2026 Daily
ESUM · Strategy Shares 0.38% 3,596 NS April 30, 2026 N-PORT
SGLC · RBB Fund, Inc. 0.36% 4,440 NS May 31, 2026 N-PORT
VFH · VANGUARD WORLD FUND 0.34% 253,563 SH Aug. 8, 2026 Daily
FNCL · FIDELITY COVINGTON TRUST 0.30% 40,924 NS April 30, 2026 N-PORT
CSM · ProShares Trust 0.29% 9,649 NS May 31, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.28% 3,374,028 SH Aug. 8, 2026 Daily
EQIN · Columbia ETF Trust I 0.27% 4,622 NS April 30, 2026 N-PORT
IWS · iShares Trust 0.26% 229,721 SH Aug. 8, 2026 Daily
AVMC · AMERICAN CENTURY ETF TRUST 0.26% 6,705 NS May 31, 2026 N-PORT
AVIE · AMERICAN CENTURY ETF TRUST 0.25% 164 NS May 31, 2026 N-PORT
FAS · Direxion Shares ETF Trust 0.25% 29,852 NS April 30, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.24% 7,092 NS April 30, 2026 N-PORT
SPHQ · Invesco Exchange-Traded Fund Trust 0.23% 260,848 SH Aug. 8, 2026 Daily
DFVE · DoubleLine ETF Trust 0.23% 400 NS March 31, 2026 N-PORT
ESLG · Strategy Shares 0.22% 267 NS April 30, 2026 N-PORT
SPVU · Invesco Exchange-Traded Fund Trust … 0.22% 1,900 NS May 31, 2026 N-PORT
UYG · ProShares Trust 0.22% 9,618 NS May 31, 2026 N-PORT
IMCV · iShares Trust 0.20% 13,017 SH Aug. 8, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.20% 1,114,185 SH Aug. 8, 2026 Daily
SIZE · iShares Trust 0.20% 4,781 SH Aug. 8, 2026 Daily
IWR · iShares Trust 0.20% 619,797 SH Aug. 8, 2026 Daily
GSEW · Goldman Sachs ETF Trust 0.19% 21,652 NS May 31, 2026 N-PORT
EUSA · iShares, Inc. 0.19% 20,299 SH Aug. 8, 2026 Daily