Natixis cut its position in Assurant, Inc. (NYSE:AIZ) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,073 shares of the financial services provider’s stock after selling 907 shares during the quarter. Natixis owned 0.16% of Assurant worth $10,327,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new position in Assurant during the 2nd quarter valued at about $25,000. Bremer Bank National Association purchased a new position in shares of Assurant in the first quarter valued at approximately $45,000. Thor Advisors LLC purchased a new position in shares of Assurant in the first quarter valued at approximately $69,000. Benjamin Edwards Inc. grew its holdings in shares of Assurant by 30.2% in the second quarter. Benjamin Edwards Inc. now owns 781 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 181 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Assurant in the second quarter valued at approximately $89,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Assurant from $119.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. UBS Group raised their price target on shares of Assurant from $142.00 to $153.00 and gave the company a “buy” rating in a research report on Monday.
Shares of NYSE AIZ traded down $0.06 during mid-day trading on Wednesday, hitting $123.69. The company had a trading volume of 27,246 shares, compared to its average volume of 579,321. The company has a market capitalization of $7.56 billion, a PE ratio of 21.32 and a beta of 0.50. The business’s 50-day simple moving average is $119.32 and its 200 day simple moving average is $105.28. Assurant, Inc. has a 1-year low of $82.31 and a 1-year high of $125.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.48 and a quick ratio of 0.48.
Assurant (NYSE:AIZ) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.21. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Assurant had a return on equity of 7.58% and a net margin of 4.00%. Assurant’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. On average, analysts expect that Assurant, Inc. will post 8.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, August 26th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, August 23rd. Assurant’s dividend payout ratio is presently 41.38%.
Assurant Company 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; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.
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