Candriam Luxembourg S.C.A. cut its position in Assurant, Inc. (NYSE:AIZ) by 24.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,766 shares of the financial services provider’s stock after selling 44,364 shares during the period. Candriam Luxembourg S.C.A. owned about 0.25% of Assurant worth $14,389,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Assurant by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 75,649 shares of the financial services provider’s stock worth $7,025,000 after buying an additional 2,832 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Assurant during the fourth quarter worth approximately $384,000. Macquarie Group Ltd. raised its stake in shares of Assurant by 3.4% in the fourth quarter. Macquarie Group Ltd. now owns 21,500 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 700 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Assurant by 0.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 48,248 shares of the financial services provider’s stock worth $4,616,000 after buying an additional 321 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its stake in shares of Assurant by 317.1% in the first quarter. Contravisory Investment Management Inc. now owns 1,318 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,002 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.
Assurant, Inc. (AIZ) opened at 103.84 on Friday. The company’s 50-day moving average is $104.39 and its 200-day moving average is $99.46. Assurant, Inc. has a one year low of $78.50 and a one year high of $106.99. The firm has a market capitalization of $5.74 billion, a P/E ratio of 13.65 and a beta of 0.77.
Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.05. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Assurant’s revenue was down 11.0% on a year-over-year basis. Equities analysts forecast that Assurant, Inc. will post $6.55 earnings per share for the current fiscal year.
Separately, BidaskClub raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Assurant presently has an average rating of “Hold” and an average target price of $98.33.
In other news, EVP Christopher J. Pagano sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $102.94, for a total transaction of $720,580.00. Following the completion of the transaction, the executive vice president now owns 55,978 shares of the company’s stock, valued at $5,762,375.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.
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).
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