American Century Companies Inc. Buys 98,694 Shares of Assurant, Inc. (AIZ)

American Century Companies Inc. grew its position in shares of Assurant, Inc. (NYSE:AIZ) by 1,741.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,361 shares of the financial services provider’s stock after acquiring an additional 98,694 shares during the quarter. American Century Companies Inc. owned about 0.19% of Assurant worth $9,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIZ. Vanguard Group Inc. grew its holdings in Assurant by 0.3% during the second quarter. Vanguard Group Inc. now owns 5,990,787 shares of the financial services provider’s stock worth $621,185,000 after buying an additional 20,675 shares in the last quarter. BlackRock Inc. grew its stake in Assurant by 1.2% in the 2nd quarter. BlackRock Inc. now owns 3,799,693 shares of the financial services provider’s stock valued at $393,989,000 after purchasing an additional 44,660 shares during the period. Dimensional Fund Advisors LP grew its stake in Assurant by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,134,628 shares of the financial services provider’s stock valued at $221,344,000 after purchasing an additional 54,580 shares during the period. Wedge Capital Management L L P NC grew its stake in Assurant by 2.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,194,834 shares of the financial services provider’s stock valued at $114,131,000 after purchasing an additional 33,016 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Assurant by 9,105.8% in the 2nd quarter. Janus Henderson Group PLC now owns 635,659 shares of the financial services provider’s stock valued at $65,912,000 after purchasing an additional 628,754 shares during the period. Hedge funds and other institutional investors own 90.48% of the company’s stock.

A number of research analysts have issued reports on the company. SunTrust Banks restated a “buy” rating and issued a $115.00 price objective on shares of Assurant in a research note on Thursday, October 12th. BidaskClub downgraded Assurant from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.

Shares of Assurant, Inc. (AIZ) traded up $0.03 during midday trading on Monday, hitting $99.80. The stock had a trading volume of 616,444 shares, compared to its average volume of 394,787. Assurant, Inc. has a 1 year low of $85.86 and a 1 year high of $106.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $5,370.00, a PE ratio of 38.97, a PEG ratio of 1.40 and a beta of 0.78.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. research analysts forecast that Assurant, Inc. will post 3.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, November 27th will be issued a dividend of $0.56 per share. This is a boost from Assurant’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 24th. This represents a $2.24 dividend on an annualized basis and a yield of 2.24%. Assurant’s dividend payout ratio is 53.59%.

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About Assurant

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).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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