Aperio Group LLC boosted its position in Assurant Inc. (NYSE:AIZ) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,716 shares of the company’s stock after buying an additional 1,352 shares during the period. Aperio Group LLC owned about 0.13% of Assurant worth $7,446,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in Assurant by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,245 shares of the company’s stock worth $452,000 after buying an additional 56 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Assurant by 7.1% in the second quarter. State of Alaska Department of Revenue now owns 1,527 shares of the company’s stock worth $131,000 after buying an additional 101 shares in the last quarter. CIBC Asset Management Inc boosted its position in Assurant by 1.2% in the second quarter. CIBC Asset Management Inc now owns 10,199 shares of the company’s stock worth $880,000 after buying an additional 116 shares in the last quarter. GAM Holding AG boosted its position in Assurant by 3.5% in the second quarter. GAM Holding AG now owns 3,389 shares of the company’s stock worth $293,000 after buying an additional 116 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Assurant by 2.2% in the second quarter. Amalgamated Bank now owns 8,516 shares of the company’s stock worth $726,000 after buying an additional 187 shares in the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.
Assurant Inc. (NYSE:AIZ) traded up 0.26% during midday trading on Friday, hitting $86.41. 125,262 shares of the stock traded hands. The firm has a market cap of $4.93 billion, a P/E ratio of 9.27 and a beta of 0.86. The company’s 50-day moving average is $84.71 and its 200 day moving average is $86.41. Assurant Inc. has a 12-month low of $64.36 and a 12-month high of $92.63.
Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, October 25th. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The business earned $1.83 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Assurant had a net margin of 7.20% and a return on equity of 6.93%. The company’s quarterly revenue was down 27.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 earnings per share. On average, analysts anticipate that Assurant Inc. will post $4.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from Assurant’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, November 23rd. Assurant’s dividend payout ratio is 21.32%.
A number of research firms recently commented on AIZ. Zacks Investment Research raised shares of Assurant from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. DOWLING & PARTN reissued a “neutral” rating on shares of Assurant in a research report on Tuesday, August 23rd. Bank of America Corp. cut shares of Assurant from a “buy” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research report on Thursday, October 20th. Finally, Credit Suisse Group AG began coverage on shares of Assurant in a research report on Friday, October 7th. They issued a “neutral” rating and a $93.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Assurant presently has an average rating of “Hold” and a consensus price target of $90.43.
In other news, EVP Christopher J. Pagano sold 6,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $89.76, for a total value of $538,560.00. Following the completion of the sale, the executive vice president now directly owns 70,149 shares in the company, valued at $6,296,574.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is currently owned by insiders.
Assurant Company Profile