Principal Financial Group Inc. reduced its holdings in Assurant, Inc. (NYSE:AIZ) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,684 shares of the financial services provider’s stock after selling 3,607 shares during the period. Principal Financial Group Inc. owned about 0.15% of Assurant worth $7,802,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of AIZ. Janus Henderson Group PLC grew its holdings in Assurant by 9,105.8% in the second quarter. Janus Henderson Group PLC now owns 635,659 shares of the financial services provider’s stock valued at $65,912,000 after purchasing an additional 628,754 shares during the period. Prudential Financial Inc. grew its holdings in Assurant by 410.8% in the second quarter. Prudential Financial Inc. now owns 408,459 shares of the financial services provider’s stock valued at $42,353,000 after purchasing an additional 328,490 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Assurant by 165.9% in the second quarter. Parametric Portfolio Associates LLC now owns 409,434 shares of the financial services provider’s stock valued at $42,454,000 after purchasing an additional 255,472 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Assurant in the third quarter valued at approximately $16,747,000. Finally, PGGM Investments grew its holdings 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 period. 90.29% of the stock is currently owned by institutional investors.
Shares of Assurant, Inc. (AIZ) traded down $0.84 during trading hours on Friday, hitting $100.84. The stock had a trading volume of 366,867 shares, compared to its average volume of 416,876. 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 firm has a market capitalization of $5,471.58, a price-to-earnings ratio of 24.12, a PEG ratio of 1.42 and a beta of 0.78. Assurant, Inc. has a 12-month low of $86.00 and a 12-month high of $106.99.
The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, November 27th were paid a $0.56 dividend. The ex-dividend date was Friday, November 24th. This is a positive change from Assurant’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.22%. Assurant’s payout ratio is currently 53.59%.
Separately, SunTrust Banks reissued a “buy” rating and issued a $115.00 price objective on shares of Assurant in a report on Thursday, October 12th.
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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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