Institutions Buy, Sell Cincinnati Financial Shares

Institutional investors reported mixed third-quarter activity in Cincinnati Financial, with Assenagon Asset Management initiating a stake of about 1.56 million shares, while Mather Group and First Citizens Bank & Trust increased their holdings and Curated Wealth Partners reduced its position by 56.3%. The reports also cite substantial earlier-quarter additions by State Street and other major investors; institutions and hedge funds collectively own about 65% of the insurer’s stock. Separately, Democratic Rep. Gilbert Ray Cisneros Jr. disclosed purchasing between $1,001 and $15,000 of Cincinnati Financial shares.