Dupont Capital Management Corp lifted its stake in shares of Assurant, Inc. (NYSE:AIZ) by 66.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,323 shares of the financial services provider’s stock after purchasing an additional 2,521 shares during the period. Dupont Capital Management Corp’s holdings in Assurant were worth $653,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Assurant by 10.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,021 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 97 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Assurant by 20.5% during the 1st quarter. Fifth Third Bancorp now owns 859 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 146 shares during the last quarter. Sowell Financial Services LLC increased its stake in shares of Assurant by 90.5% during the 1st quarter. Sowell Financial Services LLC now owns 400 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 190 shares during the last quarter. Hartford Investment Management Co. increased its stake in shares of Assurant by 2.5% during the 1st quarter. Hartford Investment Management Co. now owns 7,722 shares of the financial services provider’s stock worth $804,000 after purchasing an additional 192 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of Assurant by 0.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 32,170 shares of the financial services provider’s stock worth $3,349,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 93.97% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Assurant from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. ValuEngine lowered shares of Assurant from a “hold” rating to a “sell” rating in a research note on Thursday, April 23rd. Finally, SunTrust Banks reduced their price objective on shares of Assurant from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, May 7th.

Assurant stock opened at $107.47 on Friday. Assurant, Inc. has a 1-year low of $76.27 and a 1-year high of $142.61. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 18.99 and a beta of 0.55. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $103.61 and a 200 day simple moving average of $111.34.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.22. Assurant had a net margin of 3.59% and a return on equity of 10.03%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business earned $2.21 EPS. Assurant’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Assurant, Inc. will post 9.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Monday, August 31st will be paid a $0.63 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.52 dividend on an annualized basis and a yield of 2.34%. Assurant’s dividend payout ratio is 29.47%.

Assurant Profile

Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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