SG Americas Securities LLC lowered its stake in Assurant (NYSE:AIZ) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,878 shares of the financial services provider’s stock after selling 1,262 shares during the quarter. SG Americas Securities LLC’s holdings in Assurant were worth $1,634,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. AXA acquired a new stake in shares of Assurant in the fourth quarter valued at about $2,279,000. Hudson Bay Capital Management LP acquired a new stake in shares of Assurant in the fourth quarter valued at about $6,083,000. Goldman Sachs Group Inc. increased its position in shares of Assurant by 11.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 635,078 shares of the financial services provider’s stock valued at $64,042,000 after acquiring an additional 65,800 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Assurant in the fourth quarter valued at about $206,000. Finally, Raymond James & Associates increased its position in shares of Assurant by 4.2% in the fourth quarter. Raymond James & Associates now owns 63,624 shares of the financial services provider’s stock valued at $6,416,000 after acquiring an additional 2,574 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on AIZ shares. UBS started coverage on Assurant in a research report on Friday, March 2nd. They set a “buy” rating and a $127.00 price target on the stock. ValuEngine raised Assurant from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, SunTrust Banks lowered their price target on Assurant and set a “buy” rating on the stock in a research report on Thursday, April 12th.
Shares of NYSE AIZ opened at $95.92 on Friday. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 0.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.62 and a current ratio of 0.62. Assurant has a twelve month low of $84.34 and a twelve month high of $106.99.
Assurant (NYSE:AIZ) last announced its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.25. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.59 billion. Assurant had a return on equity of 5.17% and a net margin of 7.41%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 earnings per share. analysts anticipate that Assurant will post 7.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Shareholders of record on Tuesday, May 29th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, May 25th. Assurant’s dividend payout ratio (DPR) is presently 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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