Walthausen & Co. LLC lowered its holdings in Assurant, Inc. (NYSE:AIZ) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,576 shares of the financial services provider’s stock after selling 1,540 shares during the period. Walthausen & Co. LLC owned approximately 0.12% of Assurant worth $6,489,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of AIZ. Vanguard Group Inc. grew its stake in Assurant by 0.3% during the second quarter. Vanguard Group Inc. now owns 5,990,787 shares of the financial services provider’s stock valued at $621,185,000 after acquiring an additional 20,675 shares in the last quarter. BlackRock Inc. grew its stake in Assurant by 1.2% during the second quarter. BlackRock Inc. now owns 3,799,693 shares of the financial services provider’s stock valued at $393,989,000 after acquiring an additional 44,660 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Assurant by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,134,628 shares of the financial services provider’s stock valued at $221,344,000 after acquiring an additional 54,580 shares in the last quarter. AQR Capital Management LLC grew its stake in Assurant by 16.7% during the first quarter. AQR Capital Management LLC now owns 1,931,516 shares of the financial services provider’s stock valued at $184,788,000 after acquiring an additional 276,789 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in Assurant by 0.3% during the second quarter. Wedge Capital Management L L P NC now owns 1,161,818 shares of the financial services provider’s stock valued at $120,469,000 after acquiring an additional 3,285 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.
Assurant, Inc. (NYSE AIZ) traded down 1.68% during trading on Wednesday, reaching $94.21. 168,910 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $94.66 and its 200-day moving average is $99.37. Assurant, Inc. has a 12-month low of $78.50 and a 12-month high of $106.99. The company has a market cap of $5.08 billion, a P/E ratio of 12.11 and a beta of 0.79.
Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $1.42 earnings per share. Assurant’s revenue for the quarter was down 11.0% compared to the same quarter last year. Analysts predict that Assurant, Inc. will post $5.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Monday, August 28th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, August 24th. Assurant’s dividend payout ratio (DPR) is presently 27.89%.
Separately, BidaskClub cut shares of Assurant from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
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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).
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