Tuttle Tactical Management adds Assurant (AIZ) to its portfolio

Assurant (AIZ) : Tuttle Tactical Management added new position in Assurant during the most recent quarter end. The investment management firm now holds 1,972 shares of Assurant which is valued at $167,995 , the company said in a statement filed on Aug 10, 2016 with the SEC.Assurant makes up approximately 0.15% of Tuttle Tactical Management’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd sold out all of its stake in AIZ during the most recent quarter. The investment firm sold 5,176 shares of AIZ which is valued $440,943.Ls Investment Advisors reduced its stake in AIZ by selling 544 shares or 9.7% in the most recent quarter. The Hedge Fund company now holds 5,064 shares of AIZ which is valued at $445,126. Assurant makes up approx 0.03% of Ls Investment Advisors’s portfolio.First Quadrant L Pca reduced its stake in AIZ by selling 618 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 31,165 shares of AIZ which is valued at $2,723,509. Assurant makes up approx 0.06% of First Quadrant L Pca’s portfolio.

Assurant opened for trading at $85.89 and hit $86.88 on the upside on Friday, eventually ending the session at $86.87, with a gain of 0.85% or 0.73 points. The heightened volatility saw the trading volume jump to 2,21,056 shares. Company has a market cap of $5,230 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.

Investors should note that on Jul 7, 2016, Assurant announced a cash dividend of $0.5000. The company’s management has announced Aug 25, 2016 as the ex-dividend date and fixed the record date on Aug 29, 2016. The payable date has been fixed on Sep 13, 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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