AMP Capital Investors Ltd boosted its stake in shares of Assurant, Inc. (NYSE:AIZ) by 19.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,840 shares of the financial services provider’s stock after purchasing an additional 18,723 shares during the quarter. AMP Capital Investors Ltd owned about 0.22% of Assurant worth $11,785,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Lyrical Asset Management LP boosted its position in Assurant by 3.2% during the fourth quarter. Lyrical Asset Management LP now owns 1,916,844 shares of the financial services provider’s stock worth $193,295,000 after purchasing an additional 58,950 shares during the period. Koch Industries Inc. bought a new stake in Assurant during the fourth quarter worth approximately $206,000. Amundi Pioneer Asset Management Inc. bought a new stake in Assurant during the fourth quarter worth approximately $4,341,000. AXA bought a new stake in Assurant during the fourth quarter worth approximately $2,279,000. Finally, Pittenger & Anderson Inc. boosted its position in Assurant by 14.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 16,440 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 2,040 shares during the period. 92.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Assurant, Inc. (NYSE AIZ) opened at $89.10 on Wednesday. Assurant, Inc. has a 12-month low of $84.34 and a 12-month high of $106.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market capitalization of $4,790.00, a P/E ratio of 14.56, a PEG ratio of 0.59 and a beta of 0.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be given a $0.56 dividend. The ex-dividend date is Friday, February 23rd. This represents a $2.24 annualized dividend and a dividend yield of 2.51%. Assurant’s dividend payout ratio is 36.60%.
AIZ has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Assurant in a research report on Friday, March 2nd. They set a “buy” rating and a $127.00 target price for the company. ValuEngine raised Assurant from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th.
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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