Crossmark Global Holdings Inc. decreased its holdings in Assurant, Inc. (NYSE:AIZ) by 22.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,565 shares of the financial services provider’s stock after selling 3,828 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Assurant were worth $1,368,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC raised its stake in shares of Assurant by 1.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,209,618 shares of the financial services provider’s stock valued at $121,978,000 after buying an additional 14,784 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Assurant by 0.7% in the 3rd quarter. First Trust Advisors LP now owns 393,916 shares of the financial services provider’s stock valued at $37,627,000 after purchasing an additional 2,684 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Assurant by 50.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 314,674 shares of the financial services provider’s stock valued at $30,053,000 after purchasing an additional 106,129 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Assurant by 2.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 295,413 shares of the financial services provider’s stock valued at $29,790,000 after purchasing an additional 5,745 shares in the last quarter. Finally, USS Investment Management Ltd increased its stake 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 valued at $23,094,000 after purchasing an additional 43,300 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Assurant, Inc. (AIZ) traded up $0.51 during trading on Thursday, hitting $88.77. The stock had a trading volume of 38,136 shares, compared to its average volume of 398,179. Assurant, Inc. has a fifty-two week low of $84.98 and a fifty-two week high of $106.99. The firm has a market cap of $4,648.27, a PE ratio of 22.48, a P/E/G ratio of 0.58 and a beta of 0.59. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25.
Assurant (NYSE:AIZ) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.26. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. Assurant had a return on equity of 5.24% and a net margin of 8.10%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. research analysts forecast that Assurant, Inc. will post 7.93 earnings per share for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Friday, February 23rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.52%. Assurant’s payout ratio is currently 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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