BT Investment Management Ltd bought a new stake in shares of Assurant, Inc. (NYSE:AIZ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,595 shares of the financial services provider’s stock, valued at approximately $7,527,000. BT Investment Management Ltd owned 0.13% of Assurant as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in shares of Assurant during the 1st quarter valued at approximately $122,000. State of Alaska Department of Revenue grew its position in shares of Assurant by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 114 shares during the period. Chicago Equity Partners LLC bought a new position in shares of Assurant during the 1st quarter valued at approximately $213,000. Atria Investments LLC bought a new position in shares of Assurant during the 2nd quarter valued at approximately $214,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Assurant during the 1st quarter valued at approximately $228,000. 90.78% of the stock is owned by hedge funds and other institutional investors.
Assurant, Inc. (NYSE:AIZ) traded up 0.63% on Friday, reaching $93.85. 778,118 shares of the company traded hands. The stock’s 50-day moving average is $98.79 and its 200-day moving average is $99.79. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 12.33 and a beta of 0.80. Assurant, Inc. has a 1-year low of $78.50 and a 1-year high of $106.99.
Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.05. The company had revenue of $1.60 billion during 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%. The firm’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 earnings per share. Equities research analysts expect that Assurant, Inc. will post $6.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 28th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $2.12 annualized dividend and a yield of 2.26%. Assurant’s dividend payout ratio (DPR) is 27.89%.
Separately, BidaskClub raised shares of Assurant from a “hold” rating to a “buy” rating in a report on Saturday, June 17th.
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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