Todd Asset Management LLC Has $15.76 Million Position in Assurant, Inc. (AIZ)
Todd Asset Management LLC reduced its position in shares of Assurant, Inc. (NYSE:AIZ) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,004 shares of the financial services provider’s stock after selling 3,581 shares during the period. Todd Asset Management LLC owned about 0.28% of Assurant worth $15,761,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in AIZ. Ameritas Investment Partners Inc. acquired a new stake in shares of Assurant during the first quarter worth $122,000. State of Alaska Department of Revenue raised its stake in shares of 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 acquired a new stake in shares of Assurant during the first quarter worth $213,000. Atria Investments LLC acquired a new stake in shares of Assurant during the second quarter worth $214,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Assurant during the first quarter worth $228,000. 90.75% of the stock is currently owned by institutional investors.
Shares of Assurant, Inc. (NYSE:AIZ) opened at 94.60 on Friday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 12.43 and a beta of 0.80. The stock’s 50 day moving average price is $102.31 and its 200 day moving average price is $100.14. Assurant, Inc. has a 52 week low of $78.50 and a 52 week high of $106.99.
Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 EPS for the quarter, beating 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 business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business earned $1.42 earnings per share. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. Equities research analysts anticipate that Assurant, Inc. will post $6.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 28th will be paid 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 2.24%. Assurant’s dividend payout ratio is presently 27.89%.
ILLEGAL ACTIVITY NOTICE: “Todd Asset Management LLC Has $15.76 Million Position in Assurant, Inc. (AIZ)” was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/todd-asset-management-llc-has-15-76-million-position-in-assurant-inc-aiz/1538094.html.
Separately, BidaskClub raised Assurant from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.
In related news, EVP Christopher J. Pagano sold 7,000 shares of the firm’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 transaction, the executive vice president now owns 55,978 shares in the company, valued at $5,762,375.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by company 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).
Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. (NYSE:AIZ).
Receive News & Ratings for Assurant Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.