Assurant, Inc. (AIZ) Position Raised by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its holdings in Assurant, Inc. (NYSE:AIZ) by 22.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,452 shares of the financial services provider’s stock after buying an additional 1,570 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Assurant were worth $852,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. PGGM Investments raised its position in Assurant by 426.6% during the third quarter. PGGM Investments now owns 186,407 shares of the financial services provider’s stock valued at $17,806,000 after purchasing an additional 151,006 shares in the last quarter. California Public Employees Retirement System raised its position in Assurant by 8.1% during the third quarter. California Public Employees Retirement System now owns 217,047 shares of the financial services provider’s stock valued at $20,732,000 after purchasing an additional 16,346 shares in the last quarter. Caxton Associates LP purchased a new stake in Assurant during the second quarter valued at about $498,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Assurant during the second quarter valued at about $283,000. Finally, Nomura Holdings Inc. purchased a new stake in Assurant during the second quarter valued at about $432,000. Institutional investors own 90.29% of the company’s stock.

Separately, SunTrust Banks reiterated a “buy” rating and issued a $115.00 price objective on shares of Assurant in a report on Thursday, October 12th.

Assurant, Inc. (NYSE AIZ) opened at $94.08 on Friday. The company has a market capitalization of $5,060.00, a PE ratio of 22.51, a PEG ratio of 0.66 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 twelve month low of $86.00 and a twelve month high of $106.99.

Assurant (NYSE:AIZ) last released its quarterly earnings data 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. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. research analysts expect that Assurant, Inc. will post 3.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.38%. Assurant’s dividend payout ratio is currently 53.59%.

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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).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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