EverSource Wealth Advisors LLC Makes New $77,000 Investment in Assurant, Inc. (NYSE:AIZ)

EverSource Wealth Advisors LLC bought a new position in Assurant, Inc. (NYSE:AIZGet Rating) during the first quarter, Holdings Channel.com reports. The institutional investor bought 422 shares of the financial services provider’s stock, valued at approximately $77,000.

A number of other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in shares of Assurant by 1.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 46,514 shares of the financial services provider’s stock valued at $8,458,000 after purchasing an additional 872 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Assurant by 19.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 63,306 shares of the financial services provider’s stock valued at $11,511,000 after purchasing an additional 10,249 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Assurant during the 1st quarter valued at about $727,000. Walleye Capital LLC bought a new position in shares of Assurant during the 1st quarter valued at about $231,000. Finally, Virtu Financial LLC bought a new position in shares of Assurant during the 1st quarter valued at about $480,000. 84.67% of the stock is currently owned by institutional investors.

Assurant Trading Down 0.6 %

NYSE AIZ opened at $154.83 on Friday. Assurant, Inc. has a fifty-two week low of $144.18 and a fifty-two week high of $194.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50 day simple moving average of $164.98 and a two-hundred day simple moving average of $174.33. The stock has a market cap of $8.24 billion, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 0.73 and a beta of 0.55.

Assurant (NYSE:AIZGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $2.95 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($0.23). Assurant had a return on equity of 11.61% and a net margin of 11.80%. During the same period in the previous year, the firm posted $2.99 earnings per share. On average, analysts forecast that Assurant, Inc. will post 12.41 earnings per share for the current year.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Monday, August 29th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, August 26th. Assurant’s dividend payout ratio (DPR) is currently 13.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AIZ. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Piper Sandler cut Assurant from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $205.00 to $185.00 in a report on Friday, June 24th.

Assurant Company Profile

(Get Rating)

Assurant, Inc, together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service products and related services for mobile devices, consumer electronics, and appliances; vehicle protection and related services; and credit protection and other insurance products.

See Also

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:AIZGet Rating).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.