Cookson Peirce Co Inc Lowers stake in Assurant (AIZ)

Assurant (AIZ) : Cookson Peirce Co Inc reduced its stake in Assurant by 1.8% during the most recent quarter end. The investment management company now holds a total of 56,165 shares of Assurant which is valued at $4,724,038 after selling 1,030 shares in Assurant , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Assurant makes up approximately 0.68% of Cookson Peirce Co Inc’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems reduced its stake in AIZ by selling 800 shares or 6.61% in the most recent quarter. The Hedge Fund company now holds 11,306 shares of AIZ which is valued at $950,948. Assurant makes up approx 0.02% of Utah Retirement Systems’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in AIZ in the latest quarter, The investment management firm added 116,780 additional shares and now holds a total of 188,867 shares of Assurant which is valued at $15,817,611. Assurant makes up approx 0.40% of Candriam Luxembourg S.c.a.’s portfolio.State Of Alaska Department Of Revenue boosted its stake in AIZ in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 1,527 shares of Assurant which is valued at $133,445. Assurant makes up approx 0.01% of State Of Alaska Department Of Revenue’s portfolio.Balasa Dinverno Foltz boosted its stake in AIZ in the latest quarter, The investment management firm added 5,425 additional shares and now holds a total of 13,796 shares of Assurant which is valued at $1,208,392. Assurant makes up approx 0.21% of Balasa Dinverno Foltz’s portfolio.

Assurant closed down -0.05 points or -0.06% at $84.76 with 3,12,270 shares getting traded on Monday. Post opening the session at $84.86, the shares hit an intraday low of $84.38 and an intraday high of $85.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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