Assurant, Inc. (AIZ) Shares Sold by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. cut its position in shares of Assurant, Inc. (NYSE:AIZ) by 44.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 109,555 shares of the financial services provider’s stock after selling 88,262 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.20% of Assurant worth $10,465,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of 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 purchasing an additional 114 shares during the period. Thrivent Financial For Lutherans acquired a new position in shares of Assurant in the 2nd quarter worth $216,000. Achmea Investment Management B.V. acquired a new position in shares of Assurant in the 2nd quarter worth $244,000. Edgestream Partners L.P. acquired a new position in shares of Assurant in the 2nd quarter worth $248,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Assurant in the 2nd quarter worth $270,000. Institutional investors own 91.08% of the company’s stock.
AIZ has been the topic of a number of recent research reports. BidaskClub cut Assurant from a “hold” rating to a “sell” rating in a 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 report on Thursday, October 12th.
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Assurant, Inc. (AIZ) opened at $98.62 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5,310.00, a price-to-earnings ratio of 38.61, a P/E/G ratio of 1.38 and a beta of 0.80. Assurant, Inc. has a 1-year low of $85.07 and a 1-year high of $106.99.
Assurant (NYSE:AIZ) last issued its earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.79) by $0.39. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. analysts anticipate that Assurant, Inc. will post 3.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, November 27th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Assurant’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 24th. Assurant’s payout ratio is presently 50.72%.
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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