Versor Investments LP Has $342,000 Holdings in Assurant, Inc. $AIZ

Versor Investments LP lessened its holdings in Assurant, Inc. (NYSE:AIZ) by 80.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,577 shares of the financial services provider’s stock after selling 6,651 shares during the quarter. Versor Investments LP’s holdings in Assurant were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AIZ. J.W. Cole Advisors Inc. lifted its holdings in Assurant by 3.8% in the second quarter. J.W. Cole Advisors Inc. now owns 1,335 shares of the financial services provider’s stock valued at $264,000 after buying an additional 49 shares during the period. Versant Capital Management Inc raised its position in shares of Assurant by 72.6% during the 3rd quarter. Versant Capital Management Inc now owns 126 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 53 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of Assurant by 5.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,075 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 55 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Assurant by 65.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 149 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 59 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Assurant by 3.0% in the 2nd quarter. Coldstream Capital Management Inc. now owns 2,182 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 64 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Assurant from $248.00 to $254.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. BMO Capital Markets decreased their target price on Assurant from $255.00 to $246.00 and set an “outperform” rating for the company in a research report on Thursday. Wall Street Zen downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Assurant in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Assurant from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Assurant currently has an average rating of “Moderate Buy” and an average price target of $258.17.

Assurant Trading Up 1.3%

NYSE:AIZ opened at $217.19 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.40. The business’s 50-day simple moving average is $235.50 and its 200-day simple moving average is $221.65. Assurant, Inc. has a fifty-two week low of $174.97 and a fifty-two week high of $246.31. The stock has a market capitalization of $10.88 billion, a PE ratio of 12.80 and a beta of 0.56.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.06. Assurant had a return on equity of 18.65% and a net margin of 6.81%.The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the business earned $4.79 EPS. Assurant’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Tuesday, February 17th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Assurant’s payout ratio is currently 20.74%.

Assurant Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.