Gateway Investment Advisers LLC acquired a new stake in shares of Assurant, Inc. (NYSE:AIZ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,113 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AIZ. Bremer Trust National Association purchased a new position in shares of Assurant during the fourth quarter valued at approximately $42,000. Captrust Financial Advisors lifted its stake in shares of Assurant by 163.6% during the fourth quarter. Captrust Financial Advisors now owns 543 shares of the financial services provider’s stock valued at $49,000 after buying an additional 337 shares during the period. CSat Investment Advisory L.P. lifted its stake in shares of Assurant by 59.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 581 shares of the financial services provider’s stock valued at $52,000 after buying an additional 217 shares during the period. Dubuque Bank & Trust Co. purchased a new position in shares of Assurant during the fourth quarter valued at approximately $57,000. Finally, Doyle Wealth Management purchased a new position in shares of Assurant during the fourth quarter valued at approximately $59,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AIZ opened at $93.23 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.39. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 16.07 and a beta of 0.63. Assurant, Inc. has a fifty-two week low of $82.31 and a fifty-two week high of $111.43.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.31. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.25 billion. Assurant had a net margin of 3.06% and a return on equity of 6.92%. Assurant’s revenue was up 38.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 earnings per share. On average, equities analysts predict that Assurant, Inc. will post 8.54 earnings per share for the current fiscal year.

Separately, UBS Group reduced their price objective on shares of Assurant to $124.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $125.75.

In other Assurant news, insider Tpg Advisors Vi-Aiv, Inc. sold 7,869,230 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.15, for a total transaction of $772,364,924.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Gateway Investment Advisers LLC Acquires New Position in Assurant, Inc. (AIZ)” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://theolympiareport.com/2019/04/20/gateway-investment-advisers-llc-acquires-new-position-in-assurant-inc-aiz.html.

Assurant Company Profile

Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.

Recommended Story: Insider Trading

Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. (NYSE:AIZ).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.