Envestnet Asset Management Inc. reduced its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,759 shares of the financial services provider’s stock after selling 1,189 shares during the quarter. Envestnet Asset Management Inc. owned 0.20% of Assurant worth $10,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Stifel Financial Corp bought a new position in shares of Assurant during the third quarter valued at $207,000. Sii Investments Inc. WI bought a new position in shares of Assurant during the third quarter valued at $517,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Assurant by 1.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 289,668 shares of the financial services provider’s stock valued at $27,670,000 after purchasing an additional 2,912 shares in the last quarter. Barings LLC lifted its holdings in shares of Assurant by 8.1% during the third quarter. Barings LLC now owns 21,266 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Assurant by 58.4% during the third quarter. Wells Fargo & Company MN now owns 167,658 shares of the financial services provider’s stock valued at $16,015,000 after acquiring an additional 61,837 shares during the last quarter. 90.48% of the stock is currently owned by hedge funds and other institutional investors.
AIZ has been the subject of a number of research reports. SunTrust Banks reiterated a “buy” rating and set a $115.00 price objective on shares of Assurant in a research report on Thursday, October 12th. BidaskClub cut Assurant from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd.
Assurant (NYSE:AIZ) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, beating analysts’ consensus estimates of ($1.79) by $0.39. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Assurant had a return on equity of 3.55% and a net margin of 3.67%. Assurant’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. equities analysts forecast that Assurant, Inc. will post 3.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, November 27th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, November 24th. This is a boost from Assurant’s previous quarterly dividend of $0.53. Assurant’s dividend payout ratio is 53.59%.
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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