Assurant, Inc. (NYSE:AIZ) is expected to pay $0.53 on Dec 12, 2016. The indicated annual dividend is $2.12. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Assurant, Inc.’s current price of $85.74, the dividend is 0.62%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 15, 2016. The stock decreased 0.06% or $0.05 during the last trading session, hitting $85.74. Assurant, Inc. (NYSE:AIZ) has risen 5.32% since April 20, 2016 and is uptrending. It has outperformed by 0.76% the S&P500.
Assurant, Inc. is a provider of specialty protection products and related services. The company has a market cap of $4.86 billion. The Company’s divisions include Assurant Solution, Assurant Specialty Property and Corporate & Other. It has a 9.14 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 Q2 2016. Its down 0.20, from 0.8 in 2016Q1. The ratio dropped, 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 Advsr Limited holds 0.01% or 74,218 shares in its portfolio. First Citizens Financial Bank And Tru last reported 0.43% of its portfolio in the stock. The Colorado-based Janus Capital Mgmt Ltd Liability has invested 0.07% in Assurant, Inc. (NYSE:AIZ). Cibc Asset last reported 0.01% of its portfolio in the stock. Ifrah Financial Ser Incorporated has 0.27% invested in the company for 7,780 shares. Northcoast Asset Management Limited Liability Corp accumulated 0.07% or 11,403 shares. Blackrock Institutional Na last reported 1.85M shares in the company. Ameriprise holds 42,154 shares or 0% of its portfolio. Commerzbank Aktiengesellschaft Fi accumulated 162,072 shares or 0.09% of the stock. Royal Retail Bank Of Canada last reported 224,140 shares in the company. The Massachusetts-based Bogle Inv Mgmt L P De has invested 0.02% in Assurant, Inc. (NYSE:AIZ). Brandywine Glob Inv Limited Co has invested 0.16% of its portfolio in Assurant, Inc. (NYSE:AIZ). Stoneridge Limited Liability Corp last reported 16,267 shares in the company. Teachers Advisors owns 82,737 shares or 0.01% of their US portfolio. Moreover, Voya Mngmt Limited Com has 0.01% invested in Assurant, Inc. (NYSE:AIZ) for 35,955 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 4 sales for $1.60 million net activity. 6,000 shares were sold by Pagano Christopher J, worth $538,589. On Thursday, August 4 STEIN ROBERT W sold $210,025 worth of the stock or 2,500 shares. On Thursday, August 18 the insider Sondej John Andrew sold $430,211.
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. $105 is the highest target while $70 is the lowest. The $83.25 average target is -2.90% below today’s ($85.74) stock price. Assurant has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, August 3 by Bank of America. Jefferies maintained the stock with “Hold” rating in Friday, August 14 report. As per Friday, October 7, the company rating was initiated by Credit Suisse. As per Wednesday, October 21, the company rating was maintained by Piper Jaffray. Bank of America downgraded Assurant, Inc. (NYSE:AIZ) on Thursday, October 20 to “Neutral” rating. As per Thursday, July 30, the company rating was upgraded by SunTrust.
More important recent Assurant, Inc. (NYSE:AIZ) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Assurant, NVIDIA and CenturyLink” on November 21, 2016, also Fool.com published article titled: “Why Assurant Inc. Shares Aren’t Reassuring Shareholders on Wednesday”, 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.
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.
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