BW Gestao de Investimentos Ltda. reduced its stake in Assurant, Inc. (NYSE:AIZ) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,010 shares of the financial services provider’s stock after selling 325 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Assurant were worth $727,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in AIZ. BlackRock Inc. raised its position in shares of Assurant by 2,736.9% in the 1st quarter. BlackRock Inc. now owns 3,755,033 shares of the financial services provider’s stock valued at $359,245,000 after purchasing an additional 3,622,668 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Assurant by 9,105.8% in the 2nd quarter. Janus Henderson Group PLC now owns 635,659 shares of the financial services provider’s stock valued at $65,912,000 after purchasing an additional 628,754 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Assurant by 410.8% in the 2nd quarter. Prudential Financial Inc. now owns 408,459 shares of the financial services provider’s stock valued at $42,353,000 after purchasing an additional 328,490 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Assurant by 16.7% in the 1st quarter. AQR Capital Management LLC now owns 1,931,516 shares of the financial services provider’s stock valued at $184,788,000 after purchasing an additional 276,789 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Assurant by 165.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 409,434 shares of the financial services provider’s stock valued at $42,454,000 after purchasing an additional 255,472 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Friday, June 30th.
Assurant, Inc. (NYSE:AIZ) traded up 0.86% during trading on Thursday, reaching $96.14. 269,939 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $94.53 and a 200-day moving average of $99.34. Assurant, Inc. has a 52 week low of $78.50 and a 52 week high of $106.99. The stock has a market capitalization of $5.18 billion, a PE ratio of 12.64 and a beta of 0.79.
Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.05. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Assurant, Inc. will post $5.07 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, August 24th. Assurant’s dividend payout ratio (DPR) is presently 27.89%.
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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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