November 29, 2016 - By kentuckypostne · 0 Comments
Assurant Inc (NYSE:AIZ) institutional sentiment decreased to 0.6 in 2016 Q2. Its down -0.20, from 0.8 in 2016Q1. The ratio has dropped, as 140 investment managers increased and opened new equity positions, while 175 trimmed and sold stakes in Assurant Inc. The investment managers in our partner’s database now possess: 55.56 million shares, down from 64.19 million shares in 2016Q1. Also, the number of investment managers holding Assurant Inc in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 25 Reduced: 150 Increased: 91 New Position: 49.
Assurant, Inc. is a provider of specialty protection products and related services. The company has a market cap of $4.87 billion. The Company’s divisions include Assurant Solution, Assurant Specialty Property and Corporate & Other. It has a 9.17 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.
About 62,474 shares traded hands. Assurant, Inc. (NYSE:AIZ) has risen 8.31% since April 26, 2016 and is uptrending. It has outperformed by 3.05% the S&P500.
Analysts await Assurant, Inc. (NYSE:AIZ) to report earnings on February, 14. They expect $0.40 earnings per share, down 58.76% or $0.57 from last year’s $0.97 per share. AIZ’s profit will be $22.65 million for 53.75 P/E if the $0.40 EPS becomes a reality. After $1.00 actual earnings per share reported by Assurant, Inc. for the previous quarter, Wall Street now forecasts -60.00% negative EPS growth.
According to Zacks Investment Research, “Assurant Solutions offers a wide range of products that protect appliances, electronic devices, mobile phones and family finances through preneed insurance.”
Lyrical Asset Management Lp holds 3.17% of its portfolio in Assurant, Inc. for 1.76 million shares. Endeavour Capital Advisors Inc owns 355,210 shares or 2.29% of their US portfolio. Moreover, Cna Financial Corp has 1.98% invested in the company for 92,200 shares. The Illinois-based Dearborn Partners Llc has invested 1.44% in the stock. Altrinsic Global Advisors Llc, a Connecticut-based fund reported 412,279 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 selling transactions for $1.60 million net activity.
Ratings analysis reveals 29% of Assurant’s analysts are positive. Out of 7 Wall Street analysts rating Assurant, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $70 while the high is $105. The stock’s average target of $83.25 is -3.20% below today’s ($86) share price. AIZ was included in 8 notes of analysts from July 30, 2015. The company was upgraded on Monday, August 3 by Bank of America. Piper Jaffray maintained the stock with “Neutral” rating in Wednesday, October 21 report. The rating was downgraded by Bank of America on Thursday, October 20 to “Neutral”. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. SunTrust upgraded the stock to “Buy” rating in Thursday, July 30 report. As per Friday, August 14, the company rating was maintained by Jefferies.
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 Nasdaq.com published article titled: “Assurant, Inc. (AIZ) Ex-Dividend Date Scheduled for November 23, 2016”, 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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