Investors Sell Shares of Assurant (AIZ) on Strength (AIZ)

Traders sold shares of Assurant (NYSE:AIZ) on strength during trading hours on Friday. $11.36 million flowed into the stock on the tick-up and $22.53 million flowed out of the stock on the tick-down, for a money net flow of $11.17 million out of the stock. Of all stocks tracked, Assurant had the 28th highest net out-flow for the day. Assurant traded up $0.81 for the day and closed at $93.41

A number of brokerages have weighed in on AIZ. SunTrust Banks lowered their price target on Assurant and set a “buy” rating on the stock in a research report on Thursday, April 12th. ValuEngine raised Assurant from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, UBS began coverage on Assurant in a research note on Friday, March 2nd. They issued a “buy” rating and a $127.00 price objective on the stock.

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The company has a debt-to-equity ratio of 0.25, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $4,865.00, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 0.64 and a beta of 0.55.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.26. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. Assurant had a return on equity of 5.24% and a net margin of 8.10%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. equities research analysts anticipate that Assurant will post 7.45 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Lyrical Asset Management LP boosted its stake in Assurant by 3.2% in the fourth quarter. Lyrical Asset Management LP now owns 1,916,844 shares of the financial services provider’s stock worth $193,295,000 after purchasing an additional 58,950 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Assurant by 1.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 1,209,618 shares of the financial services provider’s stock worth $121,978,000 after purchasing an additional 14,784 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Assurant by 11.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 635,078 shares of the financial services provider’s stock worth $64,042,000 after purchasing an additional 65,800 shares in the last quarter. Geode Capital Management LLC boosted its stake in Assurant by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 599,203 shares of the financial services provider’s stock worth $60,306,000 after purchasing an additional 15,881 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Assurant by 312.2% in the fourth quarter. Millennium Management LLC now owns 487,369 shares of the financial services provider’s stock worth $49,146,000 after purchasing an additional 369,134 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors.

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About Assurant

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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