Susquehanna Fundamental Investments LLC Takes $713,000 Position in Assurant, Inc. (AIZ)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Assurant, Inc. (NYSE:AIZ) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,800 shares of the financial services provider’s stock, valued at approximately $713,000.

Several other large investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its holdings in shares of Assurant by 8.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,509 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 589 shares in the last quarter. Rampart Investment Management Company LLC raised its position in Assurant by 88.5% during the 1st quarter. Rampart Investment Management Company LLC now owns 1,431 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 672 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Assurant by 9.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,465 shares of the financial services provider’s stock worth $854,000 after acquiring an additional 766 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of Assurant by 10.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 8,434 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 774 shares in the last quarter. Finally, Burney Co. raised its position in shares of Assurant by 0.9% in the 4th quarter. Burney Co. now owns 99,512 shares of the financial services provider’s stock worth $10,035,000 after acquiring an additional 841 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

In related news, EVP Christopher J. Pagano sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $95.55, for a total value of $238,875.00. Following the transaction, the executive vice president now directly owns 59,993 shares of the company’s stock, valued at approximately $5,732,331.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.93% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the company. SunTrust Banks reduced their price objective on Assurant and set a “buy” rating for the company in a research report on Thursday, April 12th. ValuEngine raised Assurant from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Finally, UBS Group started coverage on Assurant in a research report on Friday, March 2nd. They set a “buy” rating and a $127.00 price objective for the company.

Shares of Assurant traded down $0.73, reaching $94.76, on Monday, MarketBeat Ratings reports. The stock had a trading volume of 1,238 shares, compared to its average volume of 736,942. The company has a market cap of $5.03 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 0.65 and a beta of 0.53. Assurant, Inc. has a 1 year low of $84.34 and a 1 year high of $106.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.62 and a quick ratio of 0.62.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.25. Assurant had a return on equity of 5.17% and a net margin of 7.41%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts expect that Assurant, Inc. will post 7.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Tuesday, May 29th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, May 25th. This represents a $2.24 dividend on an annualized basis and a yield of 2.36%. Assurant’s dividend payout ratio is currently 56.28%.

Assurant Profile

Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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