Teachers Retirement System of The State of Kentucky raised its stake in Assurant, Inc. (NYSE:AIZ) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,800 shares of the financial services provider’s stock after acquiring an additional 12,700 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.30% of Assurant worth $15,711,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockland Trust Co. grew its stake in shares of Assurant by 5.6% in the fourth quarter. Rockland Trust Co. now owns 10,410 shares of the financial services provider’s stock worth $1,050,000 after acquiring an additional 553 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Assurant by 2.9% during the third quarter. Public Employees Retirement System of Ohio now owns 25,026 shares of the financial services provider’s stock valued at $2,390,000 after purchasing an additional 695 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Assurant by 9.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,465 shares of the financial services provider’s stock valued at $854,000 after purchasing an additional 766 shares in the last quarter. Burney Co. lifted its holdings in shares of Assurant by 0.9% during the fourth quarter. Burney Co. now owns 99,512 shares of the financial services provider’s stock valued at $10,035,000 after purchasing an additional 841 shares in the last quarter. Finally, Kwmg LLC lifted its holdings in shares of Assurant by 4.9% during the third quarter. Kwmg LLC now owns 18,577 shares of the financial services provider’s stock valued at $1,774,000 after purchasing an additional 863 shares in the last quarter. 92.97% of the stock is currently owned by hedge funds and other institutional investors.
Assurant, Inc. (NYSE:AIZ) opened at $89.10 on Wednesday. The stock has a market capitalization of $4,670.31, a price-to-earnings ratio of 22.59, a PEG ratio of 0.58 and a beta of 0.63. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Assurant, Inc. has a 1-year low of $84.34 and a 1-year high of $106.99.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, February 23rd. Assurant’s payout ratio is currently 23.83%.
AIZ has been the topic of a number of research analyst reports. UBS Group initiated coverage on Assurant in a report on Friday, March 2nd. They set a “buy” rating and a $127.00 price target on the stock. ValuEngine raised Assurant from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th.
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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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