Mesirow Financial Investment Management Equity Management Has $1,164,000 Stake in Assurant, Inc. (NYSE:AIZ)
Mesirow Financial Investment Management Equity Management continued to hold its position in shares of Assurant, Inc. (NYSE:AIZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,230 shares of the financial services provider’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Assurant were worth $1,164,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC raised its position in shares of Assurant by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 75,649 shares of the financial services provider’s stock worth $7,025,000 after buying an additional 2,832 shares during the period. Kentucky Retirement Systems bought a new position in shares of Assurant during the fourth quarter worth about $384,000. Macquarie Group Ltd. raised its position in shares of Assurant by 3.4% in the fourth quarter. Macquarie Group Ltd. now owns 21,500 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 700 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Assurant by 0.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 48,248 shares of the financial services provider’s stock worth $4,616,000 after buying an additional 321 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Assurant by 5.0% in the first quarter. Capstone Asset Management Co. now owns 18,186 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 860 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Assurant, Inc. (NYSE:AIZ) opened at 105.02 on Thursday. Assurant, Inc. has a 1-year low of $78.50 and a 1-year high of $106.99. The firm’s 50-day moving average is $104.54 and its 200-day moving average is $99.79. The firm has a market cap of $5.80 billion, a P/E ratio of 13.80 and a beta of 0.77.
Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.05. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.42 EPS. On average, analysts anticipate that Assurant, Inc. will post $6.55 EPS for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, August 24th. Assurant’s payout ratio is 27.89%.
Separately, BidaskClub raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $98.33.
In other Assurant news, EVP Christopher J. Pagano sold 7,000 shares of the stock in a transaction on Thursday, June 15th. The stock was 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 in the company, valued at approximately $5,762,375.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is owned by company insiders.
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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