Teachers Retirement System of The State of Kentucky raised its position in Assurant, Inc. (NYSE:AIZ) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 155,800 shares of the financial services provider’s stock after acquiring an additional 12,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Assurant were worth $15,711,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of AIZ. Cerebellum GP LLC bought a new position in Assurant in the fourth quarter valued at about $128,000. Steward Partners Investment Advisory LLC bought a new position in Assurant in the third quarter valued at about $154,000. Ifrah Financial Services Inc. bought a new position in Assurant in the fourth quarter valued at about $204,000. Koch Industries Inc. bought a new position in Assurant in the fourth quarter valued at about $206,000. Finally, Stifel Financial Corp bought a new position in Assurant in the third quarter valued at about $207,000. 92.97% of the stock is currently owned by institutional investors.
Assurant, Inc. (NYSE AIZ) opened at $89.10 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market capitalization of $4,670.31, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63. Assurant, Inc. has a 1-year low of $84.34 and a 1-year high of $106.99.
Assurant (NYSE:AIZ) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.26. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Assurant had a return on equity of 5.24% and a net margin of 8.10%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. equities research analysts forecast that Assurant, Inc. will post 7.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, February 26th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, February 23rd. Assurant’s payout ratio is 23.83%.
AIZ has been the topic of a number of recent research reports. UBS Group initiated coverage on Assurant in a report on Friday, March 2nd. They issued a “buy” rating and a $127.00 target price on the stock. ValuEngine raised Assurant from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th.
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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