Cursor setting not working as expected

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• iTerm2 version: Build 3.2.20180822-nightly
• OS version: 10.13.6 (17G65)
• Attach ~/Library/Preferences/com.googlecode.iterm2.plist here (drag-drop from finder into this window) com.googlecode.iterm2.plist

Detailed steps to reproduce the problem:

1. Open Settings -> Profiles -> Text
2. Ensure 'Vertical Bar' is selected under 'Cursor' group.

What happened:

Cursor appears to be 'Box'

What should have happened:

Cursor should be 'Vertical Bar'