DnB Asset Management AS Boosts Stock Holdings in Assurant, Inc. (NYSE:AIZ)

DnB Asset Management AS boosted its position in shares of Assurant, Inc. (NYSE:AIZGet Rating) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,477 shares of the financial services provider’s stock after buying an additional 330 shares during the period. DnB Asset Management AS’s holdings in Assurant were worth $1,811,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of Assurant by 8.3% during the 1st quarter. Fifth Third Bancorp now owns 695 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 53 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Assurant by 2.0% during the 1st quarter. Savant Capital LLC now owns 2,777 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 54 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Assurant by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,947 shares of the financial services provider’s stock worth $3,985,000 after purchasing an additional 64 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Assurant by 19.3% during the 1st quarter. Quent Capital LLC now owns 420 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 68 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Assurant by 1.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 7,603 shares of the financial services provider’s stock worth $1,382,000 after purchasing an additional 77 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Assurant Trading Down 1.9 %

AIZ opened at $147.99 on Thursday. Assurant, Inc. has a one year low of $144.18 and a one year high of $194.12. The stock has a market capitalization of $7.87 billion, a PE ratio of 7.22, a P/E/G ratio of 0.72 and a beta of 0.55. The business’s 50 day moving average price is $163.55 and its 200 day moving average price is $173.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.40 and a current ratio of 0.40.

Assurant (NYSE:AIZGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $2.95 EPS for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.23). Assurant had a net margin of 11.80% and a return on equity of 11.61%. During the same period last year, the firm earned $2.99 earnings per share. As a group, equities research analysts expect that Assurant, Inc. will post 12.41 EPS for the current year.

Assurant Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Monday, August 29th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Friday, August 26th. Assurant’s payout ratio is 13.26%.

Analyst Upgrades and Downgrades

Several brokerages have 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 lowered their target price for the stock 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)

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