Assurant, Inc. (NYSE:AIZ) Shares Sold by Natixis
Natixis lessened its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,073 shares of the financial services provider’s stock after selling 907 shares during the quarter. Natixis’ holdings in Assurant were worth $10,327,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of AIZ. Geode Capital Management LLC lifted its holdings in shares of Assurant by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 711,913 shares of the financial services provider’s stock valued at $63,569,000 after purchasing an additional 19,203 shares during the last quarter. Janus Henderson Group PLC increased its position in Assurant by 92.7% during the first quarter. Janus Henderson Group PLC now owns 125,737 shares of the financial services provider’s stock worth $11,934,000 after buying an additional 60,473 shares during the period. Texas Permanent School Fund increased its position in Assurant by 14.7% during the first quarter. Texas Permanent School Fund now owns 12,021 shares of the financial services provider’s stock worth $1,141,000 after buying an additional 1,537 shares during the period. Crossmark Global Holdings Inc. increased its position in Assurant by 0.9% during the first quarter. Crossmark Global Holdings Inc. now owns 15,016 shares of the financial services provider’s stock worth $1,425,000 after buying an additional 138 shares during the period. Finally, Boston Partners lifted its stake in Assurant by 0.6% in the first quarter. Boston Partners now owns 43,405 shares of the financial services provider’s stock valued at $4,120,000 after buying an additional 255 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.
In other news, COO Gene Mergelmeyer sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $124.24, for a total value of $1,863,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Campbell sold 5,500 shares of Assurant stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $124.26, for a total value of $683,430.00. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.
Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.21. Assurant had a net margin of 4.00% and a return on equity of 7.58%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The business’s revenue was up 39.0% compared to the same quarter last year. On average, equities research analysts forecast that Assurant, Inc. will post 8.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, August 26th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, August 23rd. Assurant’s dividend payout ratio (DPR) is presently 41.38%.
AIZ has been the subject of several research analyst reports. UBS Group increased their price objective on Assurant from $142.00 to $153.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley lifted their target price on shares of Assurant from $119.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, August 15th.
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.
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