Ontario Teachers Pension Plan Board Has $5.69 Million Holdings in Assurant, Inc. (AIZ)
Ontario Teachers Pension Plan Board raised its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 77.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,826 shares of the financial services provider’s stock after acquiring an additional 23,848 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.10% of Assurant worth $5,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in Assurant during the 1st quarter valued at $122,000. State of Alaska Department of Revenue raised its holdings in Assurant by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 114 shares during the period. Atria Investments LLC bought a new stake in Assurant during the 2nd quarter valued at $214,000. Thrivent Financial For Lutherans bought a new stake in Assurant during the 2nd quarter valued at $216,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Assurant during the 1st quarter valued at $228,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Assurant, Inc. (NYSE AIZ) opened at 95.52 on Friday. Assurant, Inc. has a 12-month low of $78.50 and a 12-month high of $106.99. The stock has a 50 day moving average of $98.11 and a 200 day moving average of $99.70. The company has a market cap of $5.15 billion, a PE ratio of 12.55 and a beta of 0.80.
Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The company’s revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 EPS. Equities analysts expect that Assurant, Inc. will post $6.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, August 24th. Assurant’s dividend payout ratio is presently 27.89%.
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Separately, BidaskClub cut shares of Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
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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