Advisory Services Network LLC reduced its position in Assurant Inc. (NYSE:AIZ) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 3,877 shares of the company’s stock after selling 123 shares during the period. Advisory Services Network LLC’s holdings in Assurant were worth $335,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Assurant by 16.4% in the first quarter. Wellington Management Group LLP now owns 1,561,523 shares of the company’s stock worth $120,471,000 after buying an additional 220,377 shares during the period. Renaissance Technologies LLC increased its stake in shares of Assurant by 6.0% in the first quarter. Renaissance Technologies LLC now owns 411,100 shares of the company’s stock worth $31,716,000 after buying an additional 23,415 shares during the period. Endeavour Capital Advisors Inc. increased its stake in shares of Assurant by 3.2% in the first quarter. Endeavour Capital Advisors Inc. now owns 353,460 shares of the company’s stock worth $27,269,000 after buying an additional 10,805 shares during the period. BlackRock Group LTD increased its stake in shares of Assurant by 0.3% in the first quarter. BlackRock Group LTD now owns 519,260 shares of the company’s stock worth $40,060,000 after buying an additional 1,543 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in Assurant by 162.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 188,867 shares of the company’s stock worth $16,302,000 after buying an additional 116,780 shares during the last quarter. Institutional investors own 94.52% of the company’s stock.
Shares of Assurant Inc. (NYSE:AIZ) traded down 0.01% on Friday, hitting $89.93. The stock had a trading volume of 281,431 shares. Assurant Inc. has a 12 month low of $64.36 and a 12 month high of $92.63. The company has a 50 day moving average price of $89.42 and a 200-day moving average price of $85.48. The stock has a market cap of $5.41 billion, a PE ratio of 13.27 and a beta of 0.76.
Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, July 26th. The company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by $0.04. The firm earned $1.80 billion during the quarter, compared to the consensus estimate of $1.71 billion. Assurant had a return on equity of 8.08% and a net margin of 4.97%. The company’s quarterly revenue was down 32.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.07 EPS. On average, equities research analysts anticipate that Assurant Inc. will post $5.90 earnings per share for the current year.
A number of research firms have weighed in on AIZ. Zacks Investment Research upgraded Assurant from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. DOWLING & PARTN restated a “neutral” rating on shares of Assurant in a research report on Tuesday, August 23rd. Goldman Sachs Group Inc. downgraded Assurant to a “buy” rating and set a $95.00 price target on the stock. in a research report on Sunday, July 17th. JPMorgan Chase & Co. restated a “hold” rating and set a $77.00 price target on shares of Assurant in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG began coverage on Assurant in a research report on Friday. They set a “neutral” rating and a $93.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Assurant currently has an average rating of “Hold” and a consensus target price of $91.00.
In related news, EVP Christopher J. Pagano sold 6,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $89.76, for a total value of $538,560.00. Following the completion of the transaction, the executive vice president now owns 70,149 shares of the company’s stock, valued at approximately $6,296,574.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Stein sold 2,500 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $84.01, for a total transaction of $210,025.00. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.
Assurant Company Profile
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