Shorts Action: How Analysts Feel About Assurant Incorporated (NYSE:AIZ) After Decrease in Sellers?

November 23, 2016 - By Marguerite Chambers   ·   0 Comments

Shorts Action: How Analysts Feel About Assurant Incorporated (NYSE:AIZ) After Decrease in Sellers?

The stock of Assurant Incorporated (NYSE:AIZ) registered a decrease of 3.91% in short interest. AIZ’s total short interest was 1.70 million shares in November as published by FINRA. Its down 3.91% from 1.77 million shares, reported previously. With 600,000 shares average volume, it will take short sellers 3 days to cover their AIZ’s short positions. About 254,806 shares traded hands. Assurant, Inc. (NYSE:AIZ) has risen 8.33% since April 21, 2016 and is uptrending. It has outperformed by 3.00% the S&P500.

Assurant, Inc. is a provider of specialty protection products and related services. The company has a market cap of $4.90 billion. The Company’s divisions include Assurant Solution, Assurant Specialty Property and Corporate & Other. It has a 9.18 P/E ratio. The Assurant Solutions segment provides mobile device protection services and products; debt protection administration; credit insurance; extended service products and related services for consumer electronics, appliances and vehicles, and offers pre-funded funeral insurance.

Insitutional Activity: The institutional sentiment decreased to 0.6 in 2016 Q2. Its down 0.20, from 0.8 in 2016Q1. The ratio turned negative, as 25 funds sold all Assurant, Inc. shares owned while 150 reduced positions. 49 funds bought stakes while 91 increased positions. They now own 55.56 million shares or 13.45% less from 64.19 million shares in 2016Q1.
Blackrock Japan Com Ltd holds 0.02% of its portfolio in Assurant, Inc. (NYSE:AIZ) for 76,093 shares. Moreover, Fny Managed Accounts Limited has 0% invested in Assurant, Inc. (NYSE:AIZ) for 1,950 shares. Retirement Of Alabama reported 85,326 shares or 0.04% of all its holdings. Moreover, Natixis Asset has 0.14% invested in Assurant, Inc. (NYSE:AIZ) for 15,268 shares. The New York-based Engineers Gate Manager Limited Partnership has invested 0.41% in Assurant, Inc. (NYSE:AIZ). Trexquant Inv Ltd Partnership holds 5,000 shares or 0.06% of its portfolio. Geode Management Ltd accumulated 515,893 shares or 0.02% of the stock. The Ontario – Canada-based Manufacturers Life Co The has invested 0.01% in Assurant, Inc. (NYSE:AIZ). Credit Agricole S A has 0% invested in the company for 13,833 shares. Everence Capital accumulated 2,924 shares or 0.08% of the stock. Oakbrook Invests Lc reported 7,800 shares or 0.04% of all its holdings. Bnp Paribas Arbitrage Sa holds 0.01% of its portfolio in Assurant, Inc. (NYSE:AIZ) for 19,887 shares. Gerstein Fisher holds 0.04% of its portfolio in Assurant, Inc. (NYSE:AIZ) for 3,612 shares. Nomura Asset Mgmt Ltd, a Japan-based fund reported 8,832 shares. The Arizona-based Arizona State Retirement Systems has invested 0.02% in Assurant, Inc. (NYSE:AIZ).

Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 4 insider sales for $1.60 million net activity. On Thursday, August 4 the insider STEIN ROBERT W sold $210,025. Pagano Christopher J had sold 6,000 shares worth $538,589. Sondej John Andrew also sold $430,211 worth of Assurant, Inc. (NYSE:AIZ) shares.

Assurant, Inc. (NYSE:AIZ) Ratings Coverage

Out of 7 analysts covering Assurant (NYSE:AIZ), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Assurant has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. SunTrust upgraded Assurant, Inc. (NYSE:AIZ) on Thursday, July 30 to “Buy” rating. Jefferies maintained it with “Hold” rating and $70 target price in Friday, August 14 report. The stock of Assurant, Inc. (NYSE:AIZ) has “Neutral” rating given on Thursday, October 20 by Bank of America. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, October 21. As per Friday, October 7, the company rating was initiated by Credit Suisse. Bank of America upgraded Assurant, Inc. (NYSE:AIZ) on Monday, August 3 to “Buy” rating.

AIZ Company Profile

Assurant, Inc. (Assurant), incorporated on October 10, 2003, is a well-known provider of specialty protection products and related services, which operates in North America, Latin America, Europe and other markets across the world. The Company’s divisions include Assurant Solution, Assurant Specialty Property and Corporate & Other. The Assurant Solutions segment provides mobile device protection services and products; debt protection administration; credit insurance; extended service products and related services for consumer electronics, appliances and vehicles, and offers pre-funded funeral insurance. The Assurant Specialty Property segment provides lender-placed homeowners insurance; property preservation and valuation services; flood insurance; renters insurance and related products, and manufactured housing homeowners insurance. The Corporate & Other segment includes activities of the holding company, financing and interest expenses, net realized gains (losses) on investments and interest income earned from short-term investments held.

More important recent Assurant, Inc. (NYSE:AIZ) news were published by: Fool.com which released: “Why Assurant Inc. Shares Aren’t Reassuring Shareholders on Wednesday” on February 10, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Assurant, NVIDIA and CenturyLink”, Bloomberg.com published: “Assurant Falls Most in S&P 500 as Floods, Phones Hurt Profit” on October 19, 2016. More interesting news about Assurant, Inc. (NYSE:AIZ) was released by: Businesswire.com and their article: “Assurant Announces $1.4 Billion 2016 Property Catastrophe Reinsurance Program …” with publication date: July 13, 2016.

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By Marguerite Chambers


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