Assurant, Inc. (AIZ) Shares Sold by Migdal Insurance & Financial Holdings Ltd.
Migdal Insurance & Financial Holdings Ltd. decreased its position in Assurant, Inc. (NYSE:AIZ) by 51.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,506 shares of the financial services provider’s stock after selling 1,593 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Assurant were worth $157,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AIZ. Ameritas Investment Partners Inc. bought a new stake in Assurant in the 1st quarter valued at $122,000. State of Alaska Department of Revenue lifted its position in Assurant by 6.2% in 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 in the last quarter. Atria Investments LLC bought a new stake in Assurant in the 2nd quarter valued at $214,000. Thrivent Financial For Lutherans bought a new stake in Assurant in the 2nd quarter valued at $216,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Assurant in the 1st quarter valued at $228,000. 90.77% of the stock is owned by institutional investors.
Shares of Assurant, Inc. (AIZ) traded up 0.82% during midday trading on Thursday, reaching $96.10. 54,560 shares of the company’s stock traded hands. The stock has a 50 day moving average of $94.53 and a 200-day moving average of $99.34. Assurant, Inc. has a 12 month low of $78.50 and a 12 month high of $106.99. The stock has a market cap of $5.18 billion, a P/E ratio of 12.63 and a beta of 0.79.
Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. The firm had revenue of $1.60 billion during 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 business’s revenue was down 11.0% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. On average, equities research analysts forecast that Assurant, Inc. will post $5.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, August 24th. Assurant’s dividend payout ratio is currently 27.89%.
Separately, BidaskClub raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th.
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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