Assurant, Inc. (AIZ) Stake Boosted by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio lifted its holdings in Assurant, Inc. (NYSE:AIZ) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,331 shares of the financial services provider’s stock after purchasing an additional 11 shares during the period. Public Employees Retirement System of Ohio’s holdings in Assurant were worth $2,523,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of AIZ. State of Alaska Department of Revenue increased its stake in shares of Assurant by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 114 shares during the period. Atria Investments LLC bought a new position in shares of Assurant in the second quarter worth about $214,000. Thrivent Financial For Lutherans bought a new position in shares of Assurant in the second quarter worth about $216,000. Edgestream Partners L.P. bought a new position in shares of Assurant in the second quarter worth about $248,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Assurant in the second quarter worth about $270,000. Institutional investors and hedge funds own 91.45% of the company’s stock.
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A number of equities analysts have recently commented on the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $115.00 price objective on shares of Assurant in a research note on Thursday, October 12th. BidaskClub downgraded Assurant from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd.
Shares of Assurant, Inc. (AIZ) opened at 100.65 on Wednesday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 13.23 and a beta of 0.79. Assurant, Inc. has a 52-week low of $78.50 and a 52-week high of $106.99. The company’s 50-day moving average price is $96.44 and its 200-day moving average price is $99.78.
Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.05. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The business’s revenue was down 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. On average, equities research analysts expect that Assurant, Inc. will post $3.53 EPS for the current fiscal year.
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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