Canada Pension Plan Investment Board Sells 184 Shares of Assurant, Inc. (AIZ)
Canada Pension Plan Investment Board cut its position in shares of Assurant, Inc. (NYSE:AIZ) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,200 shares of the financial services provider’s stock after selling 184 shares during the period. Canada Pension Plan Investment Board’s holdings in Assurant were worth $747,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Assurant by 2,736.9% in the first quarter. BlackRock Inc. now owns 3,755,033 shares of the financial services provider’s stock worth $359,245,000 after buying an additional 3,622,668 shares during the period. AQR Capital Management LLC boosted its stake in shares of Assurant by 16.7% in the first quarter. AQR Capital Management LLC now owns 1,931,516 shares of the financial services provider’s stock worth $184,788,000 after buying an additional 276,789 shares during the period. Todd Asset Management LLC purchased a new stake in shares of Assurant during the first quarter worth approximately $14,885,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Assurant by 2,274.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 156,700 shares of the financial services provider’s stock worth $14,991,000 after buying an additional 150,100 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Assurant by 52.4% in the first quarter. First Trust Advisors LP now owns 385,831 shares of the financial services provider’s stock worth $36,912,000 after buying an additional 132,719 shares during the period. Institutional investors and hedge funds own 90.75% of the company’s stock.
Shares of Assurant, Inc. (NYSE AIZ) opened at 94.78 on Thursday. Assurant, Inc. has a 12 month low of $78.50 and a 12 month high of $106.99. The company has a market cap of $5.11 billion, a PE ratio of 12.46 and a beta of 0.77. The firm’s 50-day moving average is $103.70 and its 200-day moving average is $100.08.
Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, August 1st. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. On average, equities research analysts predict that Assurant, Inc. will post $6.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 28th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, August 24th. Assurant’s dividend payout ratio (DPR) is 27.89%.
Separately, BidaskClub cut shares of Assurant from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd.
In other Assurant news, EVP Christopher J. Pagano sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $102.94, for a total transaction of $720,580.00. Following the transaction, the executive vice president now owns 55,978 shares of the company’s stock, valued at approximately $5,762,375.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.
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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