Assurant, Inc. (AIZ) Shares Bought by Flinton Capital Management LLC
Flinton Capital Management LLC increased its stake in Assurant, Inc. (NYSE:AIZ) by 11.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 52,960 shares of the financial services provider’s stock after buying an additional 5,440 shares during the quarter. Flinton Capital Management LLC owned 0.10% of Assurant worth $5,491,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Clinton Group Inc. grew its position in Assurant by 2.6% during the second quarter. Clinton Group Inc. now owns 14,259 shares of the financial services provider’s stock valued at $1,479,000 after buying an additional 363 shares during the period. Frontier Wealth Management LLC raised its position in Assurant by 49.7% in the second quarter. Frontier Wealth Management LLC now owns 3,600 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 1,195 shares during the period. Bayesian Capital Management LP bought a new stake in Assurant in the second quarter worth about $780,000. Ontario Teachers Pension Plan Board raised its position in Assurant by 77.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 54,826 shares of the financial services provider’s stock worth $5,685,000 after acquiring an additional 23,848 shares during the period. Finally, OxFORD Asset Management LLP bought a new stake in Assurant in the second quarter worth about $2,710,000. 90.77% of the stock is currently owned by institutional investors.
Separately, BidaskClub raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th.
Shares of Assurant, Inc. (NYSE:AIZ) traded down 0.57% during trading on Wednesday, reaching $95.15. 68,214 shares of the company’s stock were exchanged. 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 price of $95.44 and a 200 day moving average price of $99.37. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 12.50 and a beta of 0.79.
Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.05. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the business posted $1.42 earnings per share. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, analysts forecast that Assurant, Inc. will post $5.27 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Monday, August 28th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $2.12 annualized dividend and a yield of 2.22%. Assurant’s payout ratio is 27.89%.
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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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