CINCINNATI FINL CORP CINF
COM · Common Stock · CUSIP 172062101 · ISIN US1720621010
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersFairfield, OH
- Founded1950
- Websitecinfin.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($90.7m this quarter). Holder counts are more reliable. Shares outstanding: 156.4m as of 2025-07-23, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $148.88. Options: 12 managers hold calls ($47.0m notional), 12 hold puts ($15.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 650 |
| Q4 2022 | 676 |
| Q1 2023 | 715 |
| Q2 2023 | 709 |
| Q3 2023 | 708 |
| Q4 2023 | 743 |
| Q1 2024 | 760 |
| Q2 2024 | 754 |
| Q3 2024 | 792 |
| Q4 2024 | 844 |
| Q1 2025 | 860 |
| Q2 2025 | 866 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 320 | 311 |
| Q4 2023 | 317 | 305 |
| Q1 2024 | 328 | 349 |
| Q2 2024 | 321 | 331 |
| Q3 2024 | 332 | 337 |
| Q4 2024 | 358 | 321 |
| Q1 2025 | 393 | 361 |
| Q2 2025 | 386 | 378 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $51.4m | $50.5m | 0.98 |
| Q4 2024 | $43.2m | $17.3m | 0.40 |
| Q1 2025 | $55.4m | $29.3m | 0.53 |
| Q2 2025 | $47.0m | $15.6m | 0.33 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +1.6m |
| Verition Fund Management LLC | Added | +326.4k |
| VANGUARD GROUP INC | Added | +317.0k |
| GQG Partners LLC | Added | +304.4k |
| RAYMOND JAMES FINANCIAL INC | Added | +262.7k |
| MORGAN STANLEY | Added | +255.0k |
| Amundi | Added | +242.0k |
| FMR LLC | Added | +200.7k |
| GOLDMAN SACHS GROUP INC | Added | +132.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +129.8k |
Biggest sellers
| SG Americas Securities, LLC | Reduced | -277.0k |
| CITADEL ADVISORS LLC | Reduced | -276.9k |
| Invesco Ltd. | Reduced | -230.0k |
| DEUTSCHE BANK AG\ | Reduced | -192.3k |
| STATE STREET CORP | Reduced | -154.8k |
| JPMORGAN CHASE & CO | Reduced | -146.3k |
| Select Equity Group, L.P. | Reduced | -139.3k |
| Caisse de depot et placement du Quebec | Reduced | -137.7k |
| TD Asset Management Inc | Reduced | -105.0k |
| Prana Capital Management, LP | Sold out | -95.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.8m119.8k shares |
| JANE STREET GROUP, LLC | Reduced | $10.0m67.2k shares |
| CITADEL ADVISORS LLC | Added | $8.5m57.1k shares |
| Twin Tree Management, LP | Reduced | $2.7m17.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.5m17.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.3m15.2k shares |
| IMC-Chicago, LLC | Reduced | $1.5m10.0k shares |
| GROUP ONE TRADING LLC | Reduced | $774.4k5.2k shares |
| Walleye Capital LLC | Added | $685.0k4.6k shares |
| Walleye Trading LLC | Added | $119.1k800 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $7.1m47.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.5m16.7k shares |
| Marex Group Ltd | New | $2.3m15.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m8.0k shares |
| Walleye Capital LLC | New | $953.1k6.4k shares |
| WOLVERINE TRADING, LLC | Added | $511.8k3.5k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $491.4k3.3k shares |
| JANE STREET GROUP, LLC | New | $357.4k2.4k shares |
| GROUP ONE TRADING LLC | Added | $119.1k800 shares |
| Creative Planning | Unchanged | $102.1k45.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $106.6k | 0 | — | — |
| Q4 2023 | 1 | $304.7k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 2 | $336.8k | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $782.6k | — |
| Q4 2024 | 1 | $157.2k | 0 | — | — |
| Q1 2025 | 1 | $136.2k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 19.6m $2.9bn | Added +317.0k |
| BlackRock, Inc. 0.04% of their portfolio | 12.5m $1.9bn | Reduced -89.2k |
| STATE STREET CORP 0.05% of their portfolio | 8.5m $1.3bn | Reduced -154.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.17% of their portfolio | 6.5m $963.6m | Added +106.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 4.1m $602.0m | Reduced -45.6k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 3.2m $482.1m | Added +1.6m |
| LONDON CO OF VIRGINIA 1.86% of their portfolio | 2.2m $328.9m | Reduced -73.5k |
| GQG Partners LLC 0.45% of their portfolio | 2.1m $317.5m | Added +304.4k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.0m $299.6m | Added +80.5k |
| MORGAN STANLEY 0.02% of their portfolio | 2.0m $294.6m | Added +255.0k |
| Invesco Ltd. 0.04% of their portfolio | 1.6m $241.0m | Reduced -230.0k |
| NORGES BANK 0.03% of their portfolio | 1.6m $235.7m | Added +15.1k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 1.6m $234.8m | Reduced -65.9k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.29% of their portfolio | 1.5m $223.6m | Reduced -500 |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.4m $212.2m | Added +21.1k |
| JOHNSON INVESTMENT COUNSEL INC 1.83% of their portfolio | 1.4m $203.7m | Reduced -20.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.3m $189.1m | Added +108.8k |
| ProShare Advisors LLC 0.36% of their portfolio | 1.2m $182.4m | Reduced -58.3k |
| Bahl & Gaynor LLC 0.88% of their portfolio | 1.2m $174.3m | Added +739 |
| Legal & General Group Plc 0.04% of their portfolio | 1.1m $171.0m | Reduced -28.3k |
| FIRST TRUST ADVISORS LP 0.12% of their portfolio | 987.1k $147.0m | Reduced -10.8k |
| UBS Group AG 0.03% of their portfolio | 973.6k $145.0m | Reduced -33.4k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 959.6k $141.1m | Reduced -67.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 856.5k $127.6m | Reduced -80.1k |
| Boston Trust Walden Corp 0.89% of their portfolio | 833.8k $124.2m | Added +29.0k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 803.7k $119.7m | Added +262.7k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 699.9k $104.2m | Added +132.0k |
| FIFTH THIRD BANCORP 0.31% of their portfolio | 603.0k $89.8m | Added +10.0k |
| California Public Employees Retirement System 0.06% of their portfolio | 583.7k $86.9m | Reduced -81.6k |
| BARCLAYS PLC 0.03% of their portfolio | 500.8k $74.6m | Reduced -17.4k |
| Swiss National Bank 0.04% of their portfolio | 474.0k $70.6m | Added +33.1k |
| Vest Financial, LLC 1.00% of their portfolio | 472.3k $70.3m | Added +4.2k |
| US BANCORP \DE\ 0.09% of their portfolio | 466.7k $69.5m | Reduced -4.0k |
| Mariner, LLC 0.10% of their portfolio | 455.7k $67.9m | Added +15.9k |
| Amundi 0.02% of their portfolio | 455.0k $66.5m | Added +242.0k |
| Caisse de depot et placement du Quebec 0.14% of their portfolio | 427.6k $63.7m | Reduced -137.7k |
| Verition Fund Management LLC 0.35% of their portfolio | 409.4k $61.0m | Added +326.4k |
| Welch Group, LLC 2.49% of their portfolio | 400.5k $59.6m | Added +1.8k |
| OLD REPUBLIC INTERNATIONAL CORP 2.33% of their portfolio | 399.1k $59.4m | Unchanged |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 395.6k $58.9m | Reduced -192.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 393.9k $58.7m | Added +8.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 393.6k $58.6m | Reduced -146.3k |
| AEGON ASSET MANAGEMENT UK Plc 0.74% of their portfolio | 389.9k $57.9m | Added +11.5k |
| PNC Financial Services Group, Inc. 0.04% of their portfolio | 382.6k $57.0m | Reduced -2.1k |
| FMR LLC 0.00% of their portfolio | 374.8k $55.8m | Added +200.7k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 357.1k $53.2m | Reduced -276.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 331.1k $49.3m | Added +15.2k |
| Nuveen, LLC 0.01% of their portfolio | 326.4k $48.6m | Added +7.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.13% of their portfolio | 325.1k $48.4m | Added +1.4k |
| Topsail Wealth Management, LLC 8.63% of their portfolio | 317.0k $47.2m | Reduced -9.0k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 313.6k $46.6m | Reduced -17.9k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 292.3k $43.5m | Added +1.4k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 277.2k $41.3m | Added +129.8k |
| Woodline Partners LP 0.20% of their portfolio | 258.6k $38.5m | Reduced -69.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 257.0k $38.3m | Added +54.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 242.6k $36.1m | Added +66.0k |
| National Pension Service 0.03% of their portfolio | 236.0k $35.2m | Added +1.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 230.3k $34.3m | Added +62.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 228.7k $34.1m | Reduced -11.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 227.9k $33.9m | Reduced -1.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 222.8k $33.2m | Reduced -65.3k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.12% of their portfolio | 219.8k $32.7m | Reduced -3.2k |
| HUNTINGTON NATIONAL BANK 0.20% of their portfolio | 209.6k $31.2m | Reduced -619 |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 208.7k $31.1m | Added +105.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 200.4k $29.8m | Reduced -18.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 182.9k $27.2m | Reduced -18.6k |
| LPL Financial LLC 0.01% of their portfolio | 179.4k $26.7m | Added +19.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 178.3k $26.6m | Reduced -35.4k |
| Select Equity Group, L.P. 0.11% of their portfolio | 175.9k $26.2m | Reduced -139.3k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 174.9k $26.0m | Reduced -25.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 173.2k $25.8m | Added +70.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 169.0k $25.2m | Reduced -1.7k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.51% of their portfolio | 168.8k $25.1m | Reduced -3.3k |
| Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio | 166.9k $24.9m | Added +16.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 158.4k $23.6m | Added +9.0k |
| CITIGROUP INC 0.02% of their portfolio | 158.0k $23.5m | Reduced -2.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 155.3k $23.1m | Added +1.7k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 152.7k $22.8m | Added +53 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 149.3k $22.2m | Reduced -9.9k |
| HighTower Advisors, LLC 0.03% of their portfolio | 143.8k $21.4m | Reduced -6.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 141.1k $21.0m | Reduced -3.1k |
| APG Asset Management N.V. 0.05% of their portfolio | 138.2k $17.5m | Added +4.5k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.05% of their portfolio | 138.1k $20.6m | Reduced -726 |
| Allianz Asset Management GmbH 0.03% of their portfolio | 136.9k $20.4m | Added +2.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio | 136.5k $20.3m | Added +8.1k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.08% of their portfolio | 134.0k $19.9m | Unchanged |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 132.0k $19.7m | Added +12.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio | 127.8k $19.0m | Added +10.4k |
| Gillson Capital LP 1.38% of their portfolio | 121.3k $18.1m | Added +39.2k |
| FIRST FINANCIAL BANK - TRUST DIVISION 1.56% of their portfolio | 118.8k $17.7m | Reduced -1.5k |
| AVIVA PLC 0.04% of their portfolio | 118.7k $17.7m | Added +112.8k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.25% of their portfolio | 118.0k $17.7m | Reduced -196 |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 113.8k $17.0m | Added +376 |
| AMF Tjanstepension AB 0.11% of their portfolio | 112.8k $16.8m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 111.4k $16.6m | Added +20.6k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 110.9k $16.5m | Reduced -18.1k |
| Lighthouse Investment Partners, LLC 0.71% of their portfolio | 109.9k $16.4m | Reduced -8.2k |
| Man Group plc 0.04% of their portfolio | 109.7k $16.3m | Added +25.6k |
| Aberdeen Group plc 0.03% of their portfolio | 107.8k $16.1m | Added +8.7k |
| MATHER GROUP, LLC. 0.17% of their portfolio | 106.1k $15.8m | Reduced -2.8k |