Assurant, Inc. (NYSE:AIZ) Shares Purchased by California State Teachers Retirement System

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California State Teachers Retirement System increased its stake in shares of Assurant, Inc. (NYSE:AIZ) by 0.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 104,301 shares of the financial services provider’s stock after acquiring an additional 231 shares during the quarter. California State Teachers Retirement System’s holdings in Assurant were worth $13,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AIZ. Renaissance Technologies LLC boosted its holdings in Assurant by 151.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,050,000 shares of the financial services provider’s stock valued at $111,699,000 after acquiring an additional 631,900 shares during the period. Schroder Investment Management Group increased its holdings in Assurant by 198.2% during the 2nd quarter. Schroder Investment Management Group now owns 816,652 shares of the financial services provider’s stock worth $86,875,000 after purchasing an additional 542,776 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Assurant by 9.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,863,690 shares of the financial services provider’s stock worth $623,779,000 after purchasing an additional 522,617 shares during the period. Nuveen Asset Management LLC acquired a new stake in Assurant in the 2nd quarter valued at about $50,136,000. Finally, Bank of New York Mellon Corp raised its position in Assurant by 23.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,025,236 shares of the financial services provider’s stock valued at $215,444,000 after purchasing an additional 378,629 shares in the last quarter. Hedge funds and other institutional investors own 93.53% of the company’s stock.

Shares of AIZ stock opened at $128.50 on Wednesday. The company has a market cap of $8.06 billion, a P/E ratio of 18.95 and a beta of 0.49. The firm has a fifty day moving average price of $129.00 and a 200 day moving average price of $118.01. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.35. Assurant, Inc. has a 12 month low of $82.31 and a 12 month high of $134.25.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.69. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.56 billion. Assurant had a return on equity of 8.09% and a net margin of 2.76%. Assurant’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. On average, equities analysts forecast that Assurant, Inc. will post 8.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.52 annualized dividend and a yield of 1.96%. Assurant’s dividend payout ratio is currently 43.45%.

In other news, EVP Tammy L. Schultz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $132.00, for a total transaction of $132,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.68% of the company’s stock.

A number of analysts recently weighed in on AIZ shares. Morgan Stanley upped their target price on shares of Assurant from $119.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. UBS Group lifted their price target on shares of Assurant from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, SunTrust Banks lifted their price target on shares of Assurant from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd.

Assurant Profile

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; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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