ING Groep NV lowered its position in shares of Assurant, Inc. (NYSE:AIZ) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,801 shares of the financial services provider’s stock after selling 47 shares during the period. ING Groep NV’s holdings in Assurant were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Advisors Preferred LLC bought a new position in Assurant during the first quarter worth approximately $104,000. Ameritas Investment Partners Inc. bought a new position in Assurant during the first quarter worth approximately $122,000. State of Alaska Department of Revenue raised its position in Assurant by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 1,836 shares of the financial services provider’s stock worth $175,000 after buying an additional 91 shares in the last quarter. Chicago Equity Partners LLC bought a new position in Assurant during the first quarter worth approximately $213,000. Finally, Atria Investments LLC bought a new position in Assurant during the second quarter worth approximately $214,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Assurant, Inc. (NYSE AIZ) traded down 1.54% on Thursday, hitting $103.40. 101,465 shares of the company were exchanged. Assurant, Inc. has a one year low of $78.50 and a one year high of $106.99. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 13.59 and a beta of 0.77. The stock has a 50 day moving average price of $104.54 and a 200 day moving average price of $99.79.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.05. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the business earned $1.42 earnings per share. Assurant’s quarterly revenue was down 11.0% on a year-over-year basis. On average, equities research analysts forecast that Assurant, Inc. will post $6.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.02%. Assurant’s payout ratio is 27.89%.

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Separately, BidaskClub upgraded shares of Assurant from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $98.33.

In related news, EVP Christopher J. Pagano sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $102.94, for a total transaction of $720,580.00. Following the completion of the sale, the executive vice president now directly owns 55,978 shares of the company’s stock, valued at $5,762,375.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher J. Pagano sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $97.75, for a total transaction of $195,500.00. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.

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).

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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