AMP Capital Investors Ltd cut its stake in Assurant, Inc. (NYSE:AIZ) by 24.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,117 shares of the financial services provider’s stock after selling 31,623 shares during the period. AMP Capital Investors Ltd owned approximately 0.18% of Assurant worth $9,373,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Stifel Financial Corp acquired a new stake in Assurant during the third quarter worth approximately $207,000. Thrivent Financial For Lutherans acquired a new stake in Assurant during the second quarter worth approximately $216,000. Achmea Investment Management B.V. acquired a new position in shares of Assurant in the 2nd quarter valued at $244,000. Edgestream Partners L.P. acquired a new position in shares of Assurant in the 2nd quarter valued at $248,000. Finally, Trexquant Investment LP acquired a new position in shares of Assurant in the 3rd quarter valued at $258,000. 90.48% of the stock is owned by institutional investors.
Assurant, Inc. (NYSE:AIZ) opened at $99.88 on Tuesday. The firm has a market cap of $5,334.35, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 1.39 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 company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, November 27th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, November 24th. This is an increase from Assurant’s previous quarterly dividend of $0.53. Assurant’s dividend payout ratio (DPR) is currently 53.59%.
A number of equities analysts have weighed in on AIZ shares. SunTrust Banks reiterated a “buy” rating and issued a $115.00 price target on shares of Assurant in a report on Thursday, October 12th. BidaskClub lowered shares of Assurant from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd.
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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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