Tag Archives: AIZ

Burney Co. Sells 69,394 Shares of Assurant (AIZ)

Burney Co. decreased its holdings in shares of Assurant (NYSE:AIZ) by 69.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,118 shares of the financial services provider’s stock after selling 69,394 shares during the quarter. Burney Co.’s holdings in Assurant were worth $2,753,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AIZ. Cerebellum GP LLC purchased a new stake in Assurant during the fourth quarter valued at $128,000. Campbell & CO Investment Adviser LLC purchased a new stake in Assurant during the first quarter valued at $201,000. Ifrah Financial Services Inc. purchased a new stake in Assurant during the fourth quarter valued at $204,000. Koch Industries Inc. purchased a new stake in shares of Assurant in the fourth quarter valued at $206,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Assurant in the first quarter valued at $238,000. 93.55% of the stock is currently owned by institutional investors.

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Several equities research analysts have recently weighed in on AIZ shares. ValuEngine raised shares of Assurant from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. UBS started coverage on shares of Assurant in a research note on Friday, March 2nd. They issued a “buy” rating and a $127.00 target price on the stock. Finally, SunTrust Banks reduced their target price on shares of Assurant and set a “buy” rating on the stock in a research note on Thursday, April 12th.

Shares of AIZ opened at $89.71 on Wednesday. Assurant has a twelve month low of $87.69 and a twelve month high of $89.20. The firm has a market capitalization of $4.61 billion, a PE ratio of 22.54, a PEG ratio of 0.60 and a beta of 0.55. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.45.

Assurant (NYSE:AIZ) last announced its earnings results on Thursday, May 3rd. The financial services provider reported $2.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.25. Assurant had a net margin of 7.41% and a return on equity of 5.17%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. equities research analysts predict that Assurant will post 7.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Tuesday, May 29th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, May 25th. Assurant’s dividend payout ratio is currently 56.28%.

Assurant Profile

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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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)