Trexquant Investment LP Buys New Position in Assurant, Inc. (AIZ)

Trexquant Investment LP acquired a new stake in shares of Assurant, Inc. (NYSE:AIZ) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,703 shares of the financial services provider’s stock, valued at approximately $258,000.

Several other institutional investors have also recently made changes to their positions in AIZ. Vanguard Group Inc. grew its stake in shares of Assurant by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,990,787 shares of the financial services provider’s stock valued at $621,185,000 after acquiring an additional 20,675 shares during the period. BlackRock Inc. lifted its holdings in Assurant by 1.2% in the 2nd quarter. BlackRock Inc. now owns 3,799,693 shares of the financial services provider’s stock worth $393,989,000 after purchasing an additional 44,660 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Assurant by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,134,628 shares of the financial services provider’s stock worth $221,344,000 after acquiring an additional 54,580 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Assurant by 2.8% during 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 buying an additional 33,016 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Assurant by 9,105.8% during 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 buying an additional 628,754 shares during the period. 90.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Assurant, Inc. (NYSE:AIZ) opened at $98.58 on Friday. Assurant, Inc. has a 1 year low of $86.00 and a 1 year high of $106.99. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5,274.62, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78.

Assurant (NYSE:AIZ) last released its earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm posted $1.00 EPS. Assurant’s revenue for the quarter was down 13.5% on a year-over-year basis. equities research analysts expect that Assurant, Inc. will post 3.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, November 27th will be given a dividend of $0.56 per share. This is a boost from Assurant’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, November 24th. Assurant’s dividend payout ratio is currently 53.59%.

A number of equities research analysts recently weighed in on AIZ shares. SunTrust Banks restated a “buy” rating and set a $115.00 price objective on shares of Assurant in a research note on Thursday, October 12th. BidaskClub cut Assurant from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.

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Assurant 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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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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