Advisor Group Inc. Sells 787 Shares of Assurant, Inc. (AIZ)

Advisor Group Inc. trimmed its position in Assurant, Inc. (NYSE:AIZ) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 8,898 shares of the financial services provider’s stock after selling 787 shares during the period. Advisor Group Inc.’s holdings in Assurant were worth $898,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AIZ. Cerebellum GP LLC purchased a new position in Assurant in the 4th quarter valued at about $128,000. Steward Partners Investment Advisory LLC purchased a new position in Assurant in the 3rd quarter valued at about $154,000. Ifrah Financial Services Inc. purchased a new position in Assurant in the 4th quarter valued at about $204,000. Koch Industries Inc. acquired a new position in shares of Assurant during the 4th quarter valued at about $206,000. Finally, Stifel Financial Corp acquired a new position in shares of Assurant during the 3rd quarter valued at about $207,000. Institutional investors own 92.95% of the company’s stock.

How to Become a New Pot Stock Millionaire

Assurant stock opened at $87.49 on Friday. Assurant, Inc. has a one year low of $84.34 and a one year high of $106.99. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The company has a market cap of $4,695.50, a PE ratio of 9.31, a PEG ratio of 0.58 and a beta of 0.63.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.26. Assurant had a net margin of 8.10% and a return on equity of 5.24%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. sell-side analysts forecast that Assurant, Inc. will post 7.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, February 26th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, February 23rd. Assurant’s dividend payout ratio is currently 23.83%.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of Assurant from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. UBS assumed coverage on shares of Assurant in a research note on Friday, March 2nd. They set a “buy” rating and a $127.00 price objective for the company.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3298190/advisor-group-inc-sells-787-shares-of-assurant-inc-aiz.html.

About Assurant

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).

Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. (NYSE:AIZ).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$262.66 Million in Sales Expected for Voya Financial  This Quarter
$262.66 Million in Sales Expected for Voya Financial This Quarter
Zacks: Analysts Expect ICF  Will Post Quarterly Sales of $304.14 Million
Zacks: Analysts Expect ICF Will Post Quarterly Sales of $304.14 Million
American Ecology Co.  Expected to Post Quarterly Sales of $114.50 Million
American Ecology Co. Expected to Post Quarterly Sales of $114.50 Million
First Busey  Issues Quarterly  Earnings Results
First Busey Issues Quarterly Earnings Results
Investment Analysts’ Recent Ratings Updates for Barclays
Investment Analysts’ Recent Ratings Updates for Barclays
SpreadCoin  Price Reaches $0.63
SpreadCoin Price Reaches $0.63


© 2006-2018 Ticker Report. Google+.