Cerebellum GP LLC Sells 228 Shares of Assurant, Inc. (NYSE:AIZ)

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Cerebellum GP LLC lessened its position in shares of Assurant, Inc. (NYSE:AIZ) by 6.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,256 shares of the financial services provider’s stock after selling 228 shares during the period. Cerebellum GP LLC’s holdings in Assurant were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oakbrook Investments LLC grew its holdings in Assurant by 1.8% in the second quarter. Oakbrook Investments LLC now owns 6,086 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 105 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in Assurant by 2.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,982 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 134 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Assurant by 0.9% in the first quarter. Crossmark Global Holdings Inc. now owns 15,016 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 138 shares during the period. Private Capital Group LLC grew its holdings in Assurant by 25.2% in the first quarter. Private Capital Group LLC now owns 745 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 150 shares during the period. Finally, Pittenger & Anderson Inc. grew its holdings in Assurant by 0.9% in the first quarter. Pittenger & Anderson Inc. now owns 18,300 shares of the financial services provider’s stock worth $1,737,000 after purchasing an additional 165 shares during the period. 91.04% of the stock is owned by institutional investors and hedge funds.

Separately, UBS Group set a €117.00 ($136.05) price objective on shares of SAP and gave the company a “neutral” rating in a report on Tuesday, May 21st.

Shares of NYSE AIZ traded up $0.78 during mid-day trading on Tuesday, reaching $112.32. 16,101 shares of the company’s stock traded hands, compared to its average volume of 435,995. The company has a market capitalization of $6.86 billion, a PE ratio of 19.37 and a beta of 0.55. The business has a 50-day moving average of $107.69. Assurant, Inc. has a 1-year low of $82.31 and a 1-year high of $112.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.47 and a current ratio of 0.47.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Monday, May 6th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.08. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Assurant had a net margin of 3.46% and a return on equity of 7.23%. The business’s revenue was up 48.6% on a year-over-year basis. During the same period last year, the company earned $2.14 earnings per share. As a group, sell-side analysts anticipate that Assurant, Inc. will post 8.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, August 23rd. Assurant’s dividend payout ratio is currently 41.38%.

Assurant 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; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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