Assurant, Inc. (AIZ) Stake Lifted by Janus Henderson Group PLC
Janus Henderson Group PLC lifted its position in shares of Assurant, Inc. (NYSE:AIZ) by 9,105.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 635,659 shares of the financial services provider’s stock after acquiring an additional 628,754 shares during the quarter. Janus Henderson Group PLC owned 1.18% of Assurant worth $65,912,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of AIZ. BlackRock Inc. increased its stake in shares of Assurant by 2,736.9% during the first quarter. BlackRock Inc. now owns 3,755,033 shares of the financial services provider’s stock worth $359,245,000 after acquiring an additional 3,622,668 shares during the period. Prudential Financial Inc. increased its stake in shares of Assurant by 410.8% during the second quarter. Prudential Financial Inc. now owns 408,459 shares of the financial services provider’s stock worth $42,353,000 after acquiring an additional 328,490 shares during the period. AQR Capital Management LLC increased its stake in shares of Assurant by 16.7% during the first quarter. AQR Capital Management LLC now owns 1,931,516 shares of the financial services provider’s stock worth $184,788,000 after acquiring an additional 276,789 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Assurant by 165.9% during the second quarter. Parametric Portfolio Associates LLC now owns 409,434 shares of the financial services provider’s stock worth $42,454,000 after acquiring an additional 255,472 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Assurant by 2,274.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 156,700 shares of the financial services provider’s stock worth $14,991,000 after acquiring an additional 150,100 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.
AIZ has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Assurant from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $115.00 price target on shares of Assurant in a research note on Thursday.
Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.57 billion. During the same period in the previous year, the firm earned $1.42 EPS. Assurant’s revenue was down 11.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 28th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.21%. Assurant’s dividend payout ratio (DPR) is 27.89%.
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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