First Trust Advisors LP grew its position in shares of Assurant, Inc. (NYSE:AIZ) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,916 shares of the financial services provider’s stock after purchasing an additional 2,684 shares during the period. First Trust Advisors LP owned approximately 0.73% of Assurant worth $37,627,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its stake in Assurant by 16.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 122,971 shares of the financial services provider’s stock worth $11,743,000 after purchasing an additional 17,560 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Assurant during the third quarter worth $16,747,000. PGGM Investments lifted its stake in Assurant by 426.6% during the third quarter. PGGM Investments now owns 186,407 shares of the financial services provider’s stock worth $17,806,000 after purchasing an additional 151,006 shares in the last quarter. Quantitative Systematic Strategies LLC lifted its stake in Assurant by 106.7% during the third quarter. Quantitative Systematic Strategies LLC now owns 6,892 shares of the financial services provider’s stock worth $658,000 after purchasing an additional 3,558 shares in the last quarter. Finally, Shell Asset Management Co. lifted its stake in Assurant by 115.8% during the third quarter. Shell Asset Management Co. now owns 7,831 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 4,203 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.
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Assurant, Inc. (NYSE AIZ) opened at 100.05 on Monday. Assurant, Inc. has a 1-year low of $78.50 and a 1-year high of $106.99. The firm’s 50-day moving average price is $95.95 and its 200-day moving average price is $99.64. The firm has a market capitalization of $5.39 billion, a PE ratio of 13.15 and a beta of 0.79.
Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. Assurant had a net margin of 6.53% and a return on equity of 6.70%. Assurant’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the business earned $1.42 EPS. On average, equities research analysts predict that Assurant, Inc. will post $3.53 EPS for the current fiscal year.
A number of research firms have commented on AIZ. SunTrust Banks, Inc. restated a “buy” rating and set a $115.00 price target on shares of Assurant in a research note on Thursday, October 12th. BidaskClub cut Assurant from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
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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