Benjamin F. Edwards & Company Inc. Has $852,000 Stake in Assurant, Inc. (AIZ)

Benjamin F. Edwards & Company Inc. lifted its stake in Assurant, Inc. (NYSE:AIZ) by 22.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,452 shares of the financial services provider’s stock after buying an additional 1,570 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Assurant were worth $852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Assurant by 1.4% in the second quarter. PNC Financial Services Group Inc. now owns 6,301 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 85 shares during the last quarter. Clinton Group Inc. grew its stake in shares of Assurant by 2.6% in the second quarter. Clinton Group Inc. now owns 14,259 shares of the financial services provider’s stock worth $1,479,000 after purchasing an additional 363 shares during the last quarter. 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 purchasing an additional 553 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Assurant by 2.9% in the third quarter. Public Employees Retirement System of Ohio now owns 25,026 shares of the financial services provider’s stock worth $2,390,000 after purchasing an additional 695 shares during the last quarter. Finally, Kwmg LLC grew its stake in shares of Assurant by 4.9% in the third quarter. Kwmg LLC now owns 18,577 shares of the financial services provider’s stock worth $1,774,000 after purchasing an additional 863 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Shares of Assurant, Inc. (AIZ) opened at $94.08 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5,060.00, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 0.66 and a beta of 0.78. Assurant, Inc. has a 12-month low of $86.00 and a 12-month high of $106.99.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($1.40) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.79) by $0.39. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The business’s revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. equities research analysts anticipate that Assurant, Inc. will post 3.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, February 26th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.38%. Assurant’s payout ratio is 53.59%.

Separately, SunTrust Banks reissued a “buy” rating and issued a $115.00 target price on shares of Assurant in a research note on Thursday, October 12th.

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Assurant 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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