Shell Asset Management Co. lifted its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 115.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,831 shares of the financial services provider’s stock after acquiring an additional 4,203 shares during the period. Shell Asset Management Co.’s holdings in Assurant were worth $504,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AIZ. Teachers Advisors LLC grew its position in Assurant by 1.1% in the 1st quarter. Teachers Advisors LLC now owns 76,470 shares of the financial services provider’s stock valued at $7,316,000 after buying an additional 821 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Assurant by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,216 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 58 shares during the period. Morgan Stanley lifted its holdings in Assurant by 36.5% in the first quarter. Morgan Stanley now owns 141,960 shares of the financial services provider’s stock valued at $13,583,000 after acquiring an additional 37,995 shares during the period. Bank of Nova Scotia acquired a new stake in Assurant in the first quarter valued at $1,096,000. Finally, Fox Run Management L.L.C. acquired a new stake in Assurant in the second quarter valued at $270,000. Hedge funds and other institutional investors own 91.23% of the company’s stock.
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Shares of Assurant, Inc. (NYSE AIZ) opened at $98.15 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. Assurant, Inc. has a fifty-two week low of $82.30 and a fifty-two week high of $106.99. The stock has a market capitalization of $5,281.65, a PE ratio of 38.34, a PEG ratio of 1.37 and a beta of 0.81.
Assurant (NYSE:AIZ) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, topping the consensus estimate of ($1.79) by $0.39. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company posted $1.00 EPS. Assurant’s revenue for the quarter was down 13.5% on a year-over-year basis. research analysts expect that Assurant, Inc. will post 3.69 earnings per share for the current fiscal year.
A number of research firms have commented on AIZ. SunTrust Banks, Inc. reissued a “buy” rating and issued a $115.00 target price on shares of Assurant in a report on Thursday, October 12th. BidaskClub downgraded Assurant from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
Assurant Company Profile
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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