SG Americas Securities LLC grew its holdings in Assurant, Inc. (NYSE:AIZ) by 56.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,140 shares of the financial services provider’s stock after purchasing an additional 6,901 shares during the quarter. SG Americas Securities LLC’s holdings in Assurant were worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. California Public Employees Retirement System raised its stake in Assurant by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 217,047 shares of the financial services provider’s stock worth $20,732,000 after buying an additional 16,346 shares during the period. PGGM Investments raised its stake in Assurant by 426.6% during the 3rd quarter. PGGM Investments now owns 186,407 shares of the financial services provider’s stock worth $17,806,000 after buying an additional 151,006 shares during the period. Caxton Associates LP acquired a new position in Assurant during the 2nd quarter worth approximately $498,000. Raymond James Financial Services Advisors Inc. acquired a new position in Assurant during the 2nd quarter worth approximately $283,000. Finally, USS Investment Management Ltd raised its stake in Assurant by 23.3% during the 4th quarter. USS Investment Management Ltd now owns 229,000 shares of the financial services provider’s stock worth $23,094,000 after buying an additional 43,300 shares during the period. 90.87% of the stock is currently owned by institutional investors.
Assurant, Inc. (NYSE AIZ) traded up $0.25 during mid-day trading on Wednesday, reaching $88.57. The company had a trading volume of 89,228 shares, compared to its average volume of 405,697. Assurant, Inc. has a fifty-two week low of $84.98 and a fifty-two week high of $106.99. The company has a current ratio of 0.44, a quick ratio of 0.53 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4,790.00, a P/E ratio of 9.45, a P/E/G ratio of 0.57 and a beta of 0.59.
Assurant (NYSE:AIZ) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.26. Assurant had a return on equity of 5.24% and a net margin of 8.10%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. equities analysts predict that Assurant, Inc. will post 7.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, February 26th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Friday, February 23rd. Assurant’s dividend payout ratio (DPR) is currently 23.80%.
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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).
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