Howe Rusling Inc buys $6,065,182 stake in Assurant (AIZ)

Assurant (AIZ) : Howe Rusling Inc scooped up 11,275 additional shares in Assurant during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 66,665 shares of Assurant which is valued at $6,065,182.Assurant makes up approximately 1.33% of Howe Rusling Inc’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in AIZ by selling 976 shares or 36.04% in the most recent quarter. The Hedge Fund company now holds 1,732 shares of AIZ which is valued at $156,036. Assurant makes up approx 0.01% of Msi Financial Services Inc’s portfolio. Gradient Investments sold out all of its stake in AIZ during the most recent quarter. The investment firm sold 15 shares of AIZ which is valued $1,362.Bnp Paribas Arbitrage Sa reduced its stake in AIZ by selling 8,523 shares or 42.86% in the most recent quarter. The Hedge Fund company now holds 11,364 shares of AIZ which is valued at $1,033,442.

Assurant opened for trading at $90.94 and hit $91.87 on the upside on Friday, eventually ending the session at $90.98, with a gain of 0.99% or 0.89 points. The heightened volatility saw the trading volume jump to 3,01,992 shares. Company has a market cap of $5,477 M.

On the company’s financial health, Assurant reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.21. The company had revenue of $2147.50 million for the quarter, compared to analysts expectations of $1878.93 million. The company’s revenue was down -17.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Assurant. Assurant was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016.

Assurant Inc. (Assurant) is a provider of insurance products and related services which operates in North America Latin America Europe and across the world. The Company operates in four segments: Assurant Solution Assurant Specialty Property Assurant Health and Assurant Employee Benefits. Assurant Solutions provides mobile device protection debt protection administration credit-related insurance warranties and service contracts and pre-funded funeral insurance. Assurant Specialty Property provides lender-placed homeowners insurance renters insurance and related products and manufactured housing homeowners insurance. Assurant Health provides individual health and small employer group health insurance. Assurant Employee Benefits primarily provides group dental insurance group disability insurance and group life insurance.

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