State Treasurer State of Michigan lowered its stake in Assurant, Inc. (NYSE:AIZ) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,757 shares of the financial services provider’s stock after selling 600 shares during the period. State Treasurer State of Michigan’s holdings in Assurant were worth $1,589,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AIZ. Assenagon Asset Management S.A. bought a new position in shares of Assurant in the third quarter worth $16,747,000. PGGM Investments boosted its stake in Assurant by 426.6% in the third quarter. PGGM Investments now owns 186,407 shares of the financial services provider’s stock valued at $17,806,000 after buying an additional 151,006 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Assurant by 50.9% in the third quarter. Russell Investments Group Ltd. now owns 314,674 shares of the financial services provider’s stock valued at $30,053,000 after buying an additional 106,129 shares in the last quarter. Bank of Montreal Can boosted its stake in Assurant by 412.6% in the fourth quarter. Bank of Montreal Can now owns 124,076 shares of the financial services provider’s stock valued at $12,512,000 after buying an additional 99,872 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Assurant by 1,741.6% in the third quarter. American Century Companies Inc. now owns 104,361 shares of the financial services provider’s stock valued at $9,969,000 after buying an additional 98,694 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Shares of Assurant, Inc. (NYSE:AIZ) opened at $89.64 on Thursday. The firm has a market capitalization of $4,790.00, a PE ratio of 9.53, a P/E/G ratio of 0.57 and a beta of 0.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.44 and a quick ratio of 0.53. Assurant, Inc. has a 12 month low of $84.98 and a 12 month high of $106.99.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.26. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. Assurant had a return on equity of 5.24% and a net margin of 8.10%. Assurant’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. equities analysts predict that Assurant, Inc. will post 7.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, February 26th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, February 23rd. Assurant’s dividend payout ratio (DPR) is presently 23.80%.

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About Assurant

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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