CWM Advisors LLC raised its stake in Assurant, Inc. (NYSE:AIZ) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,008 shares of the financial services provider’s stock after buying an additional 179 shares during the period. CWM Advisors LLC’s holdings in Assurant were worth $269,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of AIZ. Samlyn Capital LLC boosted its position in Assurant by 70.3% in the fourth quarter. Samlyn Capital LLC now owns 632,761 shares of the financial services provider’s stock valued at $56,594,000 after buying an additional 261,115 shares in the last quarter. Strycker View Capital LLC boosted its position in Assurant by 279.4% in the fourth quarter. Strycker View Capital LLC now owns 265,580 shares of the financial services provider’s stock valued at $23,753,000 after buying an additional 195,580 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Assurant by 54.5% during the fourth quarter. Bessemer Group Inc. now owns 424,699 shares of the financial services provider’s stock worth $37,985,000 after purchasing an additional 149,781 shares during the period. Prana Capital Management LP lifted its holdings in shares of Assurant by 630.3% during the fourth quarter. Prana Capital Management LP now owns 169,429 shares of the financial services provider’s stock worth $15,154,000 after purchasing an additional 146,229 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Assurant during the third quarter worth $15,264,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.
In related news, insider Tpg Advisors Vi-Aiv, Inc. sold 7,869,230 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.15, for a total value of $772,364,924.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.
Assurant stock traded down $0.83 during midday trading on Friday, hitting $93.23. 383,408 shares of the stock were exchanged, compared to its average volume of 548,375. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $5.75 billion, a PE ratio of 16.07 and a beta of 0.63. Assurant, Inc. has a 52-week low of $82.31 and a 52-week high of $111.43.
Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.31. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.25 billion. Assurant had a net margin of 3.06% and a return on equity of 6.92%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 earnings per share. As a group, analysts predict that Assurant, Inc. will post 8.54 EPS for the current fiscal year.
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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