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Erste Asset Management GmbH Has $701,000 Stock Holdings in Cincinnati Financial Corporation $CINF
Erste Asset Management GmbH significantly reduced its stake in Cincinnati Financial Corporation (CINF) by 66% during the third quarter, ending with holdings valued at $701,000. This move comes as Cincinnati Financial reported strong quarterly earnings, beating expectations with an EPS of $3.37 and revenue of $3.09 billion, while also increasing its quarterly dividend. Despite Erste’s trimming, other institutional investors have recently increased their positions in the insurance provider.