Great West Life Assurance Co. Can increased its position in shares of Assurant, Inc. (NYSE:AIZ) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,237 shares of the financial services provider’s stock after buying an additional 14,587 shares during the period. Great West Life Assurance Co. Can owned about 0.37% of Assurant worth $21,137,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Advisors Preferred LLC bought a new stake in shares of Assurant during the first quarter worth $104,000. Ameritas Investment Partners Inc. bought a new stake in shares of Assurant during the first quarter worth $122,000. Contravisory Investment Management Inc. raised its stake in shares of Assurant by 317.1% in the first quarter. Contravisory Investment Management Inc. now owns 1,318 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,002 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Assurant by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 1,836 shares of the financial services provider’s stock worth $175,000 after buying an additional 91 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of Assurant during the first quarter worth $213,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Assurant, Inc. (AIZ) opened at 104.94 on Friday. The company’s 50-day moving average is $104.39 and its 200-day moving average is $99.46. The stock has a market capitalization of $5.80 billion, a PE ratio of 13.79 and a beta of 0.77. Assurant, Inc. has a 12 month low of $78.50 and a 12 month high of $106.99.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.05. Assurant had a net margin of 6.53% and a return on equity of 6.70%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the business earned $1.42 EPS. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. Equities research analysts forecast that Assurant, Inc. will post $6.55 EPS for the current year.

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Separately, BidaskClub cut shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $98.33.

In other Assurant news, EVP Christopher J. Pagano sold 7,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $102.94, for a total transaction of $720,580.00. Following the transaction, the executive vice president now directly owns 55,978 shares in the company, valued at approximately $5,762,375.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher J. Pagano sold 2,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $97.75, for a total transaction of $195,500.00. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

Assurant Company Profile

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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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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