Hartford Investment Management Co. grew its stake in shares of Assurant, Inc. (NYSE:AIZ) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,964 shares of the financial services provider’s stock after buying an additional 314 shares during the period. Hartford Investment Management Co.’s holdings in Assurant were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bremer Trust National Association bought a new position in Assurant during the fourth quarter worth about $42,000. Captrust Financial Advisors lifted its holdings in shares of Assurant by 163.6% during the 4th quarter. Captrust Financial Advisors now owns 543 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 337 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Assurant by 59.6% during the 4th quarter. CSat Investment Advisory L.P. now owns 581 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 217 shares in the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of Assurant during the 4th quarter valued at about $57,000. Finally, Doyle Wealth Management bought a new position in shares of Assurant during the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.

In other news, insider Tpg Advisors Vi-Aiv, Inc. sold 7,869,230 shares of Assurant stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.15, for a total transaction of $772,364,924.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Separately, UBS Group cut their price objective on Assurant to $124.00 and set a “buy” rating on the stock in a report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $125.75.

NYSE:AIZ opened at $93.96 on Tuesday. Assurant, Inc. has a fifty-two week low of $82.31 and a fifty-two week high of $111.43. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.39. The stock has a market cap of $5.84 billion, a PE ratio of 15.92 and a beta of 0.62.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.08. Assurant had a return on equity of 6.92% and a net margin of 3.06%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the business posted $2.14 EPS. Assurant’s revenue for the quarter was up 48.6% on a year-over-year basis. As a group, equities analysts expect that Assurant, Inc. will post 8.53 EPS for the current fiscal year.

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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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