Mirae Asset Global Investments Co. Ltd. Grows Position in Assurant, Inc. (AIZ)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Assurant, Inc. (NYSE:AIZ) by 40.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,940 shares of the financial services provider’s stock after purchasing an additional 1,986 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Assurant were worth $621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIZ. Dubuque Bank & Trust Co. acquired a new stake in shares of Assurant in the fourth quarter worth about $57,000. Doyle Wealth Management acquired a new stake in shares of Assurant in the fourth quarter worth about $59,000. Dupont Capital Management Corp acquired a new stake in shares of Assurant in the fourth quarter worth about $81,000. Old North State Trust LLC lifted its position in shares of Assurant by 35.4% in the fourth quarter. Old North State Trust LLC now owns 1,087 shares of the financial services provider’s stock worth $97,000 after buying an additional 284 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Assurant by 10,694.7% in the third quarter. Rehmann Capital Advisory Group now owns 16,192 shares of the financial services provider’s stock worth $150,000 after buying an additional 16,042 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:AIZ opened at $98.20 on Friday. Assurant, Inc. has a fifty-two week low of $82.31 and a fifty-two week high of $111.43. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 16.93 and a beta of 0.65. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 0.39.



Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.31. Assurant had a return on equity of 6.92% and a net margin of 3.06%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. As a group, analysts predict that Assurant, Inc. will post 8.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, February 25th will be paid a $0.60 dividend. The ex-dividend date is Friday, February 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.44%. Assurant’s payout ratio is presently 41.38%.

A number of analysts have weighed in on AIZ shares. UBS Group reduced their price target on Assurant to $124.00 and set a “buy” rating for the company in a research report on Friday. ValuEngine cut Assurant from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Assurant currently has an average rating of “Buy” and an average price target of $125.75.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://dakotafinancialnews.com/2019/03/15/mirae-asset-global-investments-co-ltd-grows-position-in-assurant-inc-aiz.html.

Assurant Company 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; renters insurance and related products; and mortgage solutions comprising property inspection and preservation, valuation and title, and other property risk management services.

Featured Article: Return on Investment (ROI)

Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. (NYSE:AIZ).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.