Regentatlantic Capital LLC Reduces Position in Assurant, Inc. (NYSE:AIZ)

Regentatlantic Capital LLC lessened its stake in shares of Assurant, Inc. (NYSE:AIZ) by 0.5% in the second quarter, HoldingsChannel.com reports. The firm owned 16,342 shares of the financial services provider’s stock after selling 86 shares during the quarter. Regentatlantic Capital LLC’s holdings in Assurant were worth $2,552,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in Assurant by 1,095.7% in the first quarter. Captrust Financial Advisors now owns 550 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 504 shares during the period. CSat Investment Advisory L.P. lifted its stake in Assurant by 35.5% in the first quarter. CSat Investment Advisory L.P. now owns 764 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 200 shares during the period. PGGM Investments purchased a new stake in Assurant in the second quarter worth $177,000. AGF Investments Inc. purchased a new stake in Assurant in the second quarter worth $182,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in Assurant by 21.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,256 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 219 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

AIZ opened at $161.16 on Friday. The stock has a fifty day simple moving average of $162.85 and a two-hundred day simple moving average of $156.43. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66. Assurant, Inc. has a 12-month low of $116.46 and a 12-month high of $172.22.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Monday, August 2nd. The financial services provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.50. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.38 billion. Assurant had a return on equity of 9.05% and a net margin of 4.74%. On average, analysts predict that Assurant, Inc. will post 9.93 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 21st. Stockholders of record on Monday, August 30th were issued a dividend of $0.66 per share. The ex-dividend date was Friday, August 27th. This represents a $2.64 annualized dividend and a dividend yield of 1.64%. Assurant’s payout ratio is presently 30.59%.

A number of brokerages recently commented on AIZ. William Blair began coverage on Assurant in a research note on Friday, July 23rd. They issued an “outperform” rating and a $152.41 price target for the company. Morgan Stanley increased their price objective on Assurant from $188.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, August 16th.

About Assurant

Assurant, Inc engages in the provision of risk management solutions. It operates through the following segments: Global Housing, Global Lifestyle and Global Preneed. The Global Housing segment provides lender-placed homeowners, multi-family housing and mortgage solutions. The Global Lifestyle segment offers mobile device protection products, related & extended service products and related services for consumer electronics & appliances, vehicle protection services, and credit insurance.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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