Pzena Investment Management LLC lowered its stake in Assurant Inc. (NYSE:AIZ) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,124 shares of the company’s stock after selling 136 shares during the period. Pzena Investment Management LLC owned 0.13% of Assurant worth $7,391,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AIZ. Independent Portfolio Consultants Inc. raised its stake in Assurant by 60.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,470 shares of the company’s stock valued at $127,000 after buying an additional 555 shares during the period. State of Alaska Department of Revenue raised its stake in Assurant by 7.1% in the second quarter. State of Alaska Department of Revenue now owns 1,527 shares of the company’s stock valued at $131,000 after buying an additional 101 shares during the period. Toronto Dominion Bank raised its stake in Assurant by 398.3% in the third quarter. Toronto Dominion Bank now owns 1,774 shares of the company’s stock valued at $163,000 after buying an additional 1,418 shares during the period. FNY Managed Accounts LLC raised its stake in Assurant by 160.0% in the second quarter. FNY Managed Accounts LLC now owns 1,950 shares of the company’s stock valued at $168,000 after buying an additional 1,200 shares during the period. Finally, Tuttle Tactical Management LLC bought a new stake in Assurant during the second quarter valued at approximately $170,000. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

Shares of Assurant Inc. (NYSE:AIZ) traded up 0.37% during mid-day trading on Tuesday, hitting $86.22. The stock had a trading volume of 173,972 shares. The stock has a 50 day moving average price of $84.59 and a 200-day moving average price of $86.40. The company has a market cap of $4.92 billion, a PE ratio of 9.25 and a beta of 0.86. Assurant Inc. has a 52-week low of $64.36 and a 52-week high of $92.63.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The firm earned $1.83 billion during the quarter, compared to the consensus estimate of $1.74 billion. Assurant had a return on equity of 6.93% and a net margin of 7.20%. The firm’s revenue was down 27.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. On average, equities analysts expect that Assurant Inc. will post $4.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This is an increase from Assurant’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 2.47%. Assurant’s dividend payout ratio is currently 22.60%.

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AIZ has been the topic of several analyst reports. Zacks Investment Research raised Assurant from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Bank of America Corp. lowered Assurant from a “buy” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a report on Thursday, October 20th. Credit Suisse Group AG initiated coverage on Assurant in a report on Friday, October 7th. They issued a “neutral” rating and a $93.00 price objective on the stock. Finally, DOWLING & PARTN reissued a “neutral” rating on shares of Assurant in a report on Tuesday, August 23rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.43.

In other Assurant news, EVP Christopher J. Pagano sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $89.76, for a total transaction of $538,560.00. Following the completion of the sale, the executive vice president now directly owns 70,149 shares of the company’s stock, valued at approximately $6,296,574.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.85% of the company’s stock.

Assurant Company Profile

Assurant, Inc is a provider of specialty protection products and related services. The Company’s segments include Assurant Solution, Assurant Specialty Property and Corporate & Other. The Assurant Solutions segment provides mobile device protection products and services; debt protection administration; credit insurance; extended service products and related services for consumer electronics, appliances and vehicles, and offers pre-funded funeral insurance.

5 Day Chart for NYSE:AIZ

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