Assurant, Inc. (NYSE:AIZ) Position Held by James Investment Research Inc.
James Investment Research Inc. held its position in shares of Assurant, Inc. (NYSE:AIZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,740 shares of the financial services provider’s stock at the end of the second quarter. James Investment Research Inc.’s holdings in Assurant were worth $180,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in AIZ. Advisors Preferred LLC bought a new position in shares of Assurant during the first quarter valued at $104,000. Ameritas Investment Partners Inc. bought a new position in shares of Assurant during the first quarter valued at $122,000. Contravisory Investment Management Inc. boosted its position in shares of Assurant by 317.1% in the first quarter. Contravisory Investment Management Inc. now owns 1,318 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,002 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Assurant by 374.3% in the fourth quarter. Federated Investors Inc. PA now owns 1,845 shares of the financial services provider’s stock valued at $171,000 after buying an additional 1,456 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Assurant by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 1,836 shares of the financial services provider’s stock valued at $175,000 after buying an additional 91 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.
Assurant, Inc. (NYSE:AIZ) traded down 0.31% during trading on Friday, hitting $100.01. The stock had a trading volume of 276,240 shares. The company has a 50-day moving average of $104.42 and a 200-day moving average of $100.02. Assurant, Inc. has a 52 week low of $78.50 and a 52 week high of $106.99. The stock has a market capitalization of $5.39 billion, a P/E ratio of 13.14 and a beta of 0.77.
Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.05. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.42 earnings per share. On average, equities analysts expect that Assurant, Inc. will post $6.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 28th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, August 24th. Assurant’s dividend payout ratio is 27.89%.
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Separately, BidaskClub cut Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $98.33.
In related news, EVP Christopher J. Pagano sold 7,000 shares of Assurant stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $102.94, for a total transaction of $720,580.00. Following the completion of the sale, the executive vice president now owns 55,978 shares of the company’s stock, valued at $5,762,375.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is currently owned by company insiders.
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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