Teacher Retirement System of Texas acquired a new position in shares of Assurant, Inc. (NYSE:AIZ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,481 shares of the financial services provider’s stock, valued at approximately $1,670,000.
Several other large investors have also added to or reduced their stakes in AIZ. State of Alaska Department of Revenue lifted its holdings in shares of Assurant by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 114 shares during the period. Thrivent Financial For Lutherans bought a new position in shares of Assurant during the 2nd quarter worth about $216,000. Achmea Investment Management B.V. bought a new position in shares of Assurant during the 2nd quarter worth about $244,000. Edgestream Partners L.P. bought a new position in shares of Assurant during the 2nd quarter worth about $248,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Assurant during the 2nd quarter worth about $283,000. 90.48% of the stock is owned by institutional investors.
AIZ has been the subject of a number of analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $115.00 price objective on shares of Assurant in a report on Thursday, October 12th. BidaskClub downgraded shares of Assurant from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd.
Shares of Assurant, Inc. (NYSE:AIZ) traded up $0.56 during trading on Thursday, hitting $98.58. 503,552 shares of the company were exchanged, compared to its average volume of 395,866. The firm has a market cap of $5,284.31, a PE ratio of 38.36, a P/E/G ratio of 1.37 and a beta of 0.78. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. Assurant, Inc. has a 1-year low of $86.00 and a 1-year high of $106.99.
Assurant (NYSE:AIZ) last announced its earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.79) by $0.39. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Assurant had a net margin of 3.67% and a return on equity of 3.55%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. equities analysts predict that Assurant, Inc. will post 3.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, November 27th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Assurant’s previous quarterly dividend of $0.53. Assurant’s dividend payout ratio (DPR) is 53.59%.
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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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