Twin Capital Management Inc. cut its position in Assurant, Inc. (NYSE:AIZ) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 33,486 shares of the financial services provider’s stock after selling 2,870 shares during the period. Twin Capital Management Inc.’s holdings in Assurant were worth $3,376,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System raised its position in Assurant by 8.1% in the third quarter. California Public Employees Retirement System now owns 217,047 shares of the financial services provider’s stock valued at $20,732,000 after purchasing an additional 16,346 shares during the last quarter. PGGM Investments raised its position in Assurant by 426.6% in the third quarter. PGGM Investments now owns 186,407 shares of the financial services provider’s stock valued at $17,806,000 after purchasing an additional 151,006 shares during the last quarter. Caxton Associates LP bought a new position in Assurant in the second quarter valued at about $498,000. Raymond James Financial Services Advisors Inc. bought a new position in Assurant in the second quarter valued at about $283,000. Finally, Wells Fargo & Company MN raised its position in Assurant by 58.4% in 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 purchasing an additional 61,837 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.
Assurant, Inc. (AIZ) opened at $92.11 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $4,962.19, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.61 and a beta of 0.78. Assurant, Inc. has a 1 year low of $86.00 and a 1 year high of $106.99.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, February 23rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.43%. Assurant’s dividend payout ratio (DPR) is 53.59%.
Separately, SunTrust Banks reiterated a “buy” rating and issued a $115.00 target price on shares of Assurant in a research report on Thursday, October 12th.
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).
Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. (NYSE:AIZ).
Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.