Assurant, Inc. (AIZ) Shares Bought by Sei Investments Co.
Sei Investments Co. boosted its stake in shares of Assurant, Inc. (NYSE:AIZ) by 9.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 69,261 shares of the financial services provider’s stock after acquiring an additional 5,987 shares during the period. Sei Investments Co. owned about 0.13% of Assurant worth $6,616,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Assurant by 0.3% during the second quarter. Vanguard Group Inc. now owns 5,990,787 shares of the financial services provider’s stock worth $621,185,000 after acquiring an additional 20,675 shares during the period. BlackRock Inc. raised its position in Assurant by 1.2% during the second quarter. BlackRock Inc. now owns 3,799,693 shares of the financial services provider’s stock worth $393,989,000 after acquiring an additional 44,660 shares during the period. Dimensional Fund Advisors LP raised its position in Assurant by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,134,628 shares of the financial services provider’s stock worth $221,344,000 after acquiring an additional 54,580 shares during the period. Wedge Capital Management L L P NC raised its position in Assurant by 2.8% during the third quarter. Wedge Capital Management L L P NC now owns 1,194,834 shares of the financial services provider’s stock worth $114,131,000 after acquiring an additional 33,016 shares during the period. Finally, Janus Henderson Group PLC raised its position in Assurant by 9,105.8% during the second quarter. Janus Henderson Group PLC now owns 635,659 shares of the financial services provider’s stock worth $65,912,000 after acquiring an additional 628,754 shares during the period. Institutional investors own 90.92% of the company’s stock.
Assurant, Inc. (NYSE AIZ) opened at $98.41 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5,295.61, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.81. Assurant, Inc. has a 12-month low of $85.30 and a 12-month high of $106.99.
Assurant (NYSE:AIZ) last issued its earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.79) by $0.39. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Assurant had a net margin of 3.67% and a return on equity of 3.55%. The company’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. equities analysts predict that Assurant, Inc. will post 3.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, November 27th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.28%. This is a boost from Assurant’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 24th. Assurant’s dividend payout ratio is 50.72%.
A number of equities analysts have weighed in on AIZ shares. BidaskClub cut shares of Assurant from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. SunTrust Banks, Inc. restated a “buy” rating and set a $115.00 price objective on shares of Assurant in a research report on Thursday, October 12th.
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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