USS Investment Management Ltd boosted its stake in shares of Assurant, Inc. (NYSE:AIZ) by 23.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 229,000 shares of the financial services provider’s stock after purchasing an additional 43,300 shares during the quarter. USS Investment Management Ltd’s holdings in Assurant were worth $23,094,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Assurant by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,990,787 shares of the financial services provider’s stock worth $621,185,000 after purchasing an additional 20,675 shares during the period. BlackRock Inc. grew its position in shares of Assurant by 1.2% during the 2nd quarter. BlackRock Inc. now owns 3,799,693 shares of the financial services provider’s stock valued at $393,989,000 after acquiring an additional 44,660 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Assurant by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,134,628 shares of the financial services provider’s stock valued at $221,344,000 after acquiring an additional 54,580 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Assurant by 2.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,194,834 shares of the financial services provider’s stock valued at $114,131,000 after acquiring an additional 33,016 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Assurant by 9,105.8% during the 2nd quarter. Janus Henderson Group PLC now owns 635,659 shares of the financial services provider’s stock valued at $65,912,000 after acquiring an additional 628,754 shares during the period. 90.29% of the stock is currently owned by institutional investors.
Assurant, Inc. (AIZ) traded down $0.40 during trading hours on Tuesday, hitting $95.39. The stock had a trading volume of 430,900 shares, compared to its average volume of 419,933. Assurant, Inc. has a 52-week low of $86.00 and a 52-week high of $106.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $5,090.00, a PE ratio of 22.82, a PEG ratio of 0.66 and a beta of 0.78.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, November 27th were given a dividend of $0.56 per share. The ex-dividend date was Friday, November 24th. This is a boost from Assurant’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.35%. Assurant’s dividend payout ratio (DPR) is 53.59%.
Separately, SunTrust Banks restated a “buy” rating and set a $115.00 target price on shares of Assurant in a research report on Thursday, October 12th.
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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