Toews Corp ADV grew its position in shares of Assurant, Inc. (NYSE:AIZ – Get Rating) by 204.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,700 shares of the financial services provider's stock after purchasing an additional 4,500 shares during the period. Toews Corp ADV's holdings in Assurant were worth $1,158,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Assurant during the fourth quarter worth approximately $7,715,000. State Street Corp grew its position in shares of Assurant by 0.9% during the fourth quarter. State Street Corp now owns 3,095,971 shares of the financial services provider's stock worth $482,538,000 after buying an additional 28,862 shares in the last quarter. Credit Suisse AG grew its position in shares of Assurant by 3.2% during the fourth quarter. Credit Suisse AG now owns 90,073 shares of the financial services provider's stock worth $14,039,000 after buying an additional 2,779 shares in the last quarter. Bridgewater Associates LP acquired a new stake in shares of Assurant during the fourth quarter worth approximately $825,000. Finally, Eaton Vance Management grew its position in shares of Assurant by 5.8% during the fourth quarter. Eaton Vance Management now owns 63,721 shares of the financial services provider's stock worth $9,773,000 after buying an additional 3,505 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.
Get Assurant alerts:Assurant Stock Performance
AIZ stock traded up $1.46 during mid-day trading on Wednesday, reaching $148.92. The company had a trading volume of 1,149 shares, compared to its average volume of 365,260. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.92 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.68 and a beta of 0.55. Assurant, Inc. has a one year low of $144.18 and a one year high of $194.12. The stock's 50-day simple moving average is $162.02 and its two-hundred day simple moving average is $173.36.
Assurant (NYSE:AIZ – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $2.95 earnings per share for the quarter, missing analysts' consensus estimates of $3.18 by ($0.23). Assurant had a net margin of 11.80% and a return on equity of 11.61%. During the same quarter in the prior year, the firm earned $2.99 EPS. Research analysts anticipate that Assurant, Inc. will post 12.41 EPS for the current year.Assurant Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Monday, August 29th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, August 26th. Assurant's dividend payout ratio is currently 13.26%.
Wall Street Analysts Forecast Growth
AIZ has been the subject of a number of research reports. Piper Sandler downgraded shares of Assurant from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $205.00 to $185.00 in a report on Friday, June 24th. StockNews.com downgraded shares of Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd.
Assurant Company Profile
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Assurant, Inc, together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service products and related services for mobile devices, consumer electronics, and appliances; vehicle protection and related services; and credit protection and other insurance products.
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