Assurant, Inc. (AIZ) Shares Bought by Rockland Trust Co.
Rockland Trust Co. increased its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,410 shares of the financial services provider’s stock after acquiring an additional 553 shares during the period. Rockland Trust Co.’s holdings in Assurant were worth $1,050,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PGGM Investments grew its position in Assurant by 426.6% during the 3rd quarter. PGGM Investments now owns 186,407 shares of the financial services provider’s stock worth $17,806,000 after acquiring an additional 151,006 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Assurant by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 286,756 shares of the financial services provider’s stock worth $29,734,000 after acquiring an additional 6,030 shares during the last quarter. Caxton Associates LP bought a new stake in Assurant during the 2nd quarter worth approximately $498,000. Raymond James Financial Services Advisors Inc. bought a new stake in Assurant during the 2nd quarter worth approximately $283,000. Finally, California Public Employees Retirement System grew its position in Assurant by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 217,047 shares of the financial services provider’s stock worth $20,732,000 after acquiring an additional 16,346 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.
Separately, SunTrust Banks restated a “buy” rating and set a $115.00 price target on shares of Assurant in a research report on Thursday, October 12th.
Assurant (NYSE:AIZ) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.79) by $0.39. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. equities research analysts predict that Assurant, Inc. will post 3.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, November 27th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Assurant’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 24th. Assurant’s dividend payout ratio (DPR) is presently 53.59%.
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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