Todd Asset Management LLC lowered its holdings in Assurant, Inc. (NYSE:AIZ) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,004 shares of the financial services provider’s stock after selling 3,581 shares during the period. Todd Asset Management LLC owned approximately 0.28% of Assurant worth $15,761,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Savant Capital LLC grew its holdings in Assurant by 0.4% during the 1st quarter. Savant Capital LLC now owns 2,650 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 10 shares in the last quarter. ProShare Advisors LLC grew its holdings in Assurant by 0.4% during the 1st quarter. ProShare Advisors LLC now owns 12,937 shares of the financial services provider’s stock worth $1,238,000 after acquiring an additional 56 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Assurant by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,216 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 58 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Assurant by 1.2% during the 1st quarter. GHP Investment Advisors Inc. now owns 5,468 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 64 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Assurant by 5.2% during the 1st quarter. State of Alaska Department of Revenue now owns 1,836 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.
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Assurant, Inc. (NYSE AIZ) opened at 93.85 on Friday. The firm has a market cap of $5.06 billion, a PE ratio of 12.33 and a beta of 0.80. The firm’s 50-day moving average is $98.79 and its 200 day moving average is $99.79. Assurant, Inc. has a 12-month low of $78.50 and a 12-month high of $106.99.
Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The business’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. Equities research analysts predict that Assurant, Inc. will post $6.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.26%. Assurant’s dividend payout ratio is currently 27.89%.
Separately, BidaskClub upgraded shares of Assurant from a “hold” rating to a “buy” rating in a report on Friday, June 30th.
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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