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, 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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