Bw Gestao De Investimentos Ltda. buys $638,218 stake in Assurant (AIZ)

Assurant (AIZ) : Bw Gestao De Investimentos Ltda. scooped up 715 additional shares in Assurant during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 7,335 shares of Assurant which is valued at $638,218.Assurant makes up approximately 0.39% of Bw Gestao De Investimentos Ltda.’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in AIZ by selling 6,661 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 190,888 shares of AIZ which is valued at $16.6 Million. Assurant makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.Shell Asset Management Co boosted its stake in AIZ in the latest quarter, The investment management firm added 281 additional shares and now holds a total of 3,841 shares of Assurant which is valued at $334,205. Assurant makes up approx 0.01% of Shell Asset Management Co’s portfolio. Twin Capital Management Inc added AIZ to its portfolio by purchasing 9,290 company shares during the most recent quarter which is valued at $808,323. Assurant makes up approx 0.06% of Twin Capital Management Inc’s portfolio.Ls Investment Advisors reduced its stake in AIZ by selling 9,593 shares or 63.11% in the most recent quarter. The Hedge Fund company now holds 5,608 shares of AIZ which is valued at $487,952. Assurant makes up approx 0.04% of Ls Investment Advisors’s portfolio.Ibm Retirement Fund reduced its stake in AIZ by selling 9,741 shares or 58.97% in the most recent quarter. The Hedge Fund company now holds 6,777 shares of AIZ which is valued at $589,667. Assurant makes up approx 0.02% of Ibm Retirement Fund’s portfolio.

Assurant opened for trading at $87.76 and hit $88.45 on the upside on Friday, eventually ending the session at $87.7, with a gain of 0.62% or 0.54 points. The heightened volatility saw the trading volume jump to 4,74,729 shares. Company has a market cap of $5,432 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 May 13, 2016, Assurant announced a cash dividend of $0.5000. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 14, 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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