First Trust Advisors LP increased its position in Assurant, Inc. (NYSE:AIZ) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 430,134 shares of the financial services provider’s stock after acquiring an additional 36,218 shares during the period. First Trust Advisors LP’s holdings in Assurant were worth $43,375,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in shares of Assurant by 8.1% in 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 acquiring an additional 16,346 shares during the period. PGGM Investments increased its holdings in shares of Assurant by 426.6% in the 3rd quarter. PGGM Investments now owns 186,407 shares of the financial services provider’s stock worth $17,806,000 after acquiring an additional 151,006 shares during the period. USS Investment Management Ltd increased its holdings in shares of Assurant by 23.3% in the 4th quarter. USS Investment Management Ltd now owns 229,000 shares of the financial services provider’s stock worth $23,094,000 after acquiring an additional 43,300 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Assurant in the 2nd quarter worth about $283,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Assurant by 58.4% in the 3rd quarter. Wells Fargo & Company MN now owns 167,658 shares of the financial services provider’s stock worth $16,015,000 after acquiring an additional 61,837 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Assurant, Inc. (AIZ) opened at $89.92 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.55 and a quick ratio of 0.53. Assurant, Inc. has a twelve month low of $84.98 and a twelve month high of $106.99. The firm has a market cap of $4,718.55, a PE ratio of 9.57, a P/E/G ratio of 0.59 and a beta of 0.59.
Assurant (NYSE:AIZ) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.26. Assurant had a net margin of 8.10% and a return on equity of 5.24%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the company earned $0.54 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. analysts expect that Assurant, Inc. will post 7.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, February 23rd. This represents a $2.24 annualized dividend and a yield of 2.49%. Assurant’s payout ratio is 23.83%.
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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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