Assurant, Inc. (NYSE:AIZ)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $105.21 and traded as high as $111.08. Assurant shares last traded at $111.08, with a volume of 4,579 shares changing hands.
Separately, UBS Group set a €117.00 ($136.05) price target on SAP and gave the company a “neutral” rating in a report on Tuesday, May 21st.
The business has a 50 day simple moving average of $105.45. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $6.76 billion, a P/E ratio of 19.24 and a beta of 0.55.
Assurant (NYSE:AIZ) last posted its earnings results on Monday, May 6th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.08. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Assurant had a return on equity of 7.23% and a net margin of 3.46%. The firm’s quarterly revenue was up 48.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 earnings per share. Analysts predict that Assurant, Inc. will post 8.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 24th. This represents a $2.40 annualized dividend and a yield of 2.15%. Assurant’s dividend payout ratio (DPR) is 41.38%.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB grew its stake in shares of Assurant by 210.3% in the second quarter. Xact Kapitalforvaltning AB now owns 12,100 shares of the financial services provider’s stock valued at $1,287,000 after buying an additional 8,200 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Assurant by 31.3% in the second quarter. First Citizens Bank & Trust Co. now owns 22,103 shares of the financial services provider’s stock valued at $2,351,000 after buying an additional 5,272 shares in the last quarter. Surevest Inc. grew its stake in shares of Assurant by 82.1% in the second quarter. Surevest Inc. now owns 12,411 shares of the financial services provider’s stock valued at $1,320,000 after buying an additional 5,597 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Assurant by 17.7% in the second quarter. Crossmark Global Holdings Inc. now owns 17,680 shares of the financial services provider’s stock valued at $1,881,000 after buying an additional 2,664 shares in the last quarter. Finally, Horizon Investments LLC acquired a new stake in shares of Assurant in the first quarter valued at $325,000. 91.01% of the stock is owned by institutional investors.
Assurant Company Profile (NYSE:AIZ)
Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.
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