Aviva PLC Has $1.76 Million Position in Assurant, Inc. (AIZ)

Aviva PLC reduced its stake in shares of Assurant, Inc. (NYSE:AIZ) by 21.9% in the 4th quarter, Holdings Channel reports. The firm owned 19,632 shares of the financial services provider’s stock after selling 5,503 shares during the quarter. Aviva PLC’s holdings in Assurant were worth $1,756,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AIZ. Mn Services Vermogensbeheer B.V. grew its holdings in Assurant by 5.9% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 9,033 shares of the financial services provider’s stock worth $707,000 after acquiring an additional 500 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Assurant by 10.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,290 shares of the financial services provider’s stock valued at $1,189,000 after buying an additional 1,217 shares during the period. Ontario Teachers Pension Plan Board grew its stake in shares of Assurant by 87.6% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 12,980 shares of the financial services provider’s stock valued at $1,161,000 after buying an additional 6,062 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in shares of Assurant in the 4th quarter valued at about $680,000. Finally, Bank of Nova Scotia grew its stake in shares of Assurant by 33.4% in the 4th quarter. Bank of Nova Scotia now owns 30,802 shares of the financial services provider’s stock valued at $2,754,000 after buying an additional 7,706 shares during the period. 91.32% of the stock is owned by institutional investors and hedge funds.

Shares of AIZ opened at $98.20 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.47 and a quick ratio of 0.35. The stock has a market capitalization of $6.25 billion, a PE ratio of 16.93 and a beta of 0.65. Assurant, Inc. has a one year low of $82.31 and a one year high of $111.43.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, February 12th. The financial services provider reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.31. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.25 billion. Assurant had a return on equity of 6.92% and a net margin of 3.06%. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. On average, sell-side analysts forecast that Assurant, Inc. will post 8.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, February 25th will be paid a $0.60 dividend. The ex-dividend date is Friday, February 22nd. This represents a $2.40 annualized dividend and a dividend yield of 2.44%. Assurant’s dividend payout ratio is presently 41.38%.

Separately, ValuEngine downgraded Assurant from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $128.75.

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About Assurant

Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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