Amundi Pioneer Asset Management Inc. Acquires Shares of 43,046 Assurant, Inc. (AIZ)
Amundi Pioneer Asset Management Inc. acquired a new position in shares of Assurant, Inc. (NYSE:AIZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 43,046 shares of the financial services provider’s stock, valued at approximately $4,341,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in Assurant during the 4th quarter worth about $128,000. Steward Partners Investment Advisory LLC acquired a new stake in Assurant during the 3rd quarter worth about $154,000. Ifrah Financial Services Inc. acquired a new stake in Assurant during the 4th quarter worth about $204,000. Stifel Financial Corp acquired a new stake in Assurant during the 3rd quarter worth about $207,000. Finally, Trexquant Investment LP acquired a new stake in Assurant during the 3rd quarter worth about $258,000. Hedge funds and other institutional investors own 92.95% of the company’s stock.
Shares of Assurant stock opened at $91.01 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $4,729.61, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.59 and a beta of 0.63. Assurant, Inc. has a twelve month low of $84.34 and a twelve month high of $106.99.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Monday, February 26th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.24 annualized dividend and a yield of 2.46%. Assurant’s dividend payout ratio (DPR) is presently 23.83%.
Several analysts have issued reports on the company. ValuEngine upgraded Assurant from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. UBS assumed coverage on Assurant in a report on Friday, March 2nd. They set a “buy” rating and a $127.00 price objective on the stock.
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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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