Walthausen & Co. LLC Sells 600 Shares of Assurant, Inc. (AIZ)
Walthausen & Co. LLC trimmed its position in shares of Assurant, Inc. (NYSE:AIZ) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,976 shares of the financial services provider’s stock after selling 600 shares during the period. Walthausen & Co. LLC owned approximately 0.12% of Assurant worth $5,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Assurant by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,990,787 shares of the financial services provider’s stock valued at $621,185,000 after buying an additional 20,675 shares during the period. BlackRock Inc. raised its holdings in Assurant by 1.2% during the 2nd quarter. BlackRock Inc. now owns 3,799,693 shares of the financial services provider’s stock valued at $393,989,000 after buying an additional 44,660 shares during the period. Dimensional Fund Advisors LP raised its holdings in Assurant by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,134,628 shares of the financial services provider’s stock valued at $221,344,000 after buying an additional 54,580 shares during the period. Wedge Capital Management L L P NC raised its holdings in Assurant by 2.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,194,834 shares of the financial services provider’s stock valued at $114,131,000 after buying an additional 33,016 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Assurant by 9,105.8% during the 2nd quarter. Janus Henderson Group PLC now owns 635,659 shares of the financial services provider’s stock valued at $65,912,000 after buying an additional 628,754 shares during the period. Institutional investors own 90.48% of the company’s stock.
Shares of Assurant, Inc. (NYSE AIZ) opened at $100.30 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.53. Assurant, Inc. has a 52 week low of $86.00 and a 52 week high of $106.99. The firm has a market capitalization of $5,374.71, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 1.40 and a beta of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, November 27th will be paid a $0.56 dividend. This is a positive change from Assurant’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.24 dividend on an annualized basis and a yield of 2.23%. Assurant’s dividend payout ratio (DPR) is presently 53.59%.
Several analysts recently weighed in on the company. BidaskClub lowered Assurant from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. SunTrust Banks restated a “buy” rating and set a $115.00 price target on shares of Assurant in a report on Thursday, October 12th.
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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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