Arrowstreet Capital Limited Partnership bought a new stake in shares of Assurant, Inc. (NYSE:AIZ) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,200 shares of the financial services provider’s stock, valued at approximately $1,161,000.

Several other institutional investors have also added to or reduced their stakes in AIZ. BlackRock Inc. boosted its stake in shares of Assurant by 2,736.9% during the 1st quarter. BlackRock Inc. now owns 3,755,033 shares of the financial services provider’s stock valued at $359,245,000 after buying an additional 3,622,668 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Assurant by 9,105.8% during the 2nd quarter. Janus Henderson Group PLC now owns 635,659 shares of the financial services provider’s stock valued at $65,912,000 after buying an additional 628,754 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Assurant by 410.8% during the 2nd quarter. Prudential Financial Inc. now owns 408,459 shares of the financial services provider’s stock valued at $42,353,000 after buying an additional 328,490 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Assurant by 165.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 409,434 shares of the financial services provider’s stock valued at $42,454,000 after buying an additional 255,472 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Assurant by 49.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 396,718 shares of the financial services provider’s stock valued at $41,136,000 after buying an additional 130,649 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Assurant, Inc. (NYSE:AIZ) opened at 99.89 on Monday. The stock has a market capitalization of $5.38 billion, a PE ratio of 13.13 and a beta of 0.79. The stock’s 50 day moving average price is $94.82 and its 200 day moving average price is $99.46. Assurant, Inc. has a 1-year low of $78.50 and a 1-year high of $106.99.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS. Equities research analysts forecast that Assurant, Inc. will post $3.53 earnings per share for the current year.

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Several equities analysts have recently commented on the company. BidaskClub cut Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $115.00 target price on shares of Assurant in a research note on Thursday, October 12th.

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).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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