Candriam Luxembourg S.C.A. Trims Stake in Assurant, Inc. (AIZ)
Candriam Luxembourg S.C.A. trimmed its holdings in Assurant, Inc. (NYSE:AIZ) by 34.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 85,984 shares of the financial services provider’s stock after selling 44,520 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Assurant were worth $8,671,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Rockland Trust Co. raised its holdings in shares of Assurant by 5.6% in the fourth quarter. Rockland Trust Co. now owns 10,410 shares of the financial services provider’s stock valued at $1,050,000 after buying an additional 553 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Assurant by 2.9% during the third quarter. Public Employees Retirement System of Ohio now owns 25,026 shares of the financial services provider’s stock worth $2,390,000 after acquiring an additional 695 shares during the period. Kwmg LLC increased its stake in shares of Assurant by 4.9% during the third quarter. Kwmg LLC now owns 18,577 shares of the financial services provider’s stock worth $1,774,000 after acquiring an additional 863 shares during the period. GSA Capital Partners LLP increased its stake in shares of Assurant by 20.3% during the third quarter. GSA Capital Partners LLP now owns 5,419 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 916 shares during the period. Finally, GHP Investment Advisors Inc. increased its stake in shares of Assurant by 14.0% during the third quarter. GHP Investment Advisors Inc. now owns 7,660 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 939 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.
Assurant, Inc. (NYSE AIZ) opened at $88.32 on Wednesday. Assurant, Inc. has a one year low of $84.98 and a one year high of $106.99. The company has a current ratio of 0.44, a quick ratio of 0.53 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4,602.98, a PE ratio of 22.21, a PEG ratio of 0.57 and a beta of 0.59.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, February 23rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.54%. Assurant’s dividend payout ratio (DPR) is 23.83%.
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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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