Crossmark Global Holdings Inc. acquired a new stake in shares of Assurant, Inc. (NYSE:AIZ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,393 shares of the financial services provider’s stock, valued at approximately $1,661,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in Assurant by 1.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,301 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 85 shares during the last quarter. State of Alaska Department of Revenue grew 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 worth $202,000 after purchasing an additional 114 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Assurant by 2.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,483 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 137 shares during the last quarter. Savant Capital LLC grew its position in Assurant by 7.2% in the 2nd quarter. Savant Capital LLC now owns 2,840 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 190 shares during the last quarter. Finally, Advisor Partners LLC grew its position in Assurant by 7.0% in the 2nd quarter. Advisor Partners LLC now owns 3,009 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 91.23% of the company’s stock.

Assurant, Inc. (NYSE AIZ) opened at $99.05 on Wednesday. Assurant, Inc. has a 1 year low of $79.60 and a 1 year high of $106.99. The company has a quick ratio of 0.51, a current ratio of 0.42 and a debt-to-equity ratio of 0.26. The company has a market cap of $5,341.89, a PE ratio of 38.78, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81.

Assurant (NYSE:AIZ) last posted its earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, topping the consensus estimate of ($1.79) by $0.39. Assurant had a net margin of 3.67% and a return on equity of 3.55%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. Assurant’s quarterly revenue was down 13.5% on a year-over-year basis. sell-side analysts forecast that Assurant, Inc. will post 3.47 earnings per share for the current year.

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AIZ has been the subject of several recent analyst reports. BidaskClub cut shares of Assurant from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. SunTrust Banks, Inc. restated a “buy” rating and issued a $115.00 target price on shares of Assurant in a research report on Thursday, October 12th.

Assurant Company Profile

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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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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