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.
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.
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.
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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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