16,570 Shares in Assurant Inc. (AIZ) Acquired by Wealth Enhancement Advisory Services LLC
Wealth Enhancement Advisory Services LLC acquired a new position in shares of Assurant Inc. (NYSE:AIZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,570 shares of the company’s stock, valued at approximately $1,430,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position 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 last quarter. Renaissance Technologies LLC increased its position in shares of Assurant by 6.0% in the first quarter. Renaissance Technologies LLC now owns 411,100 shares of the company’s stock valued at $31,716,000 after buying an additional 23,415 shares in the last quarter. Endeavour Capital Advisors Inc. increased its position 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 valued at $27,269,000 after buying an additional 10,805 shares in the last quarter. BlackRock Group LTD increased its position in shares of Assurant by 0.3% in the first quarter. BlackRock Group LTD now owns 519,260 shares of the company’s stock valued at $40,060,000 after buying an additional 1,543 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Assurant by 162.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 188,867 shares of the company’s stock valued at $16,302,000 after buying an additional 116,780 shares in the last quarter. 94.49% of the stock is currently owned by institutional investors and hedge funds.
Assurant Inc. (NYSE:AIZ) traded up 0.23% during mid-day trading on Monday, hitting $91.19. The stock had a trading volume of 92,582 shares. Assurant Inc. has a one year low of $64.36 and a one year high of $92.63. The stock’s 50 day moving average price is $89.95 and its 200 day moving average price is $85.88. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 13.46 and a beta of 0.76.
Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by $0.04. Assurant had a net margin of 4.97% and a return on equity of 8.08%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company posted $2.07 earnings per share. The business’s revenue for the quarter was down 32.0% on a year-over-year basis. Analysts forecast that Assurant Inc. will post $5.90 EPS for the current year.
Several brokerages have commented on AIZ. Credit Suisse Group AG began coverage on Assurant in a research report on Friday, October 7th. They issued a “neutral” rating and a $93.00 price target on the stock. DOWLING & PARTN reaffirmed a “neutral” rating on shares of Assurant in a research report on Tuesday, August 23rd. Zacks Investment Research raised Assurant from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. 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. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $77.00 price target on shares of Assurant in a research report on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Assurant presently has a consensus rating of “Hold” and an average target price of $91.00.
In related news, SVP John Andrew Sondej sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $86.04, for a total transaction of $430,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Stein sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $84.01, for a total value of $210,025.00. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.
Assurant Company Profile
Assurant, Inc is a provider of specialty protection products and related services. The Company’s segments include Assurant Solution, Assurant Specialty Property and Corporate & Other. The Assurant Solutions segment provides mobile device protection products and services; debt protection administration; credit insurance; extended service products and related services for consumer electronics, appliances and vehicles, and offers pre-funded funeral insurance.
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).
Receive News & Ratings for Assurant Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant Inc. and related companies with MarketBeat.com's FREE daily email newsletter.