Forsta Ap-fonden adds Assurant (AIZ) to its portfolio

Assurant (AIZ) : Forsta Ap-fonden added new position in Assurant during the most recent quarter end. The investment management firm now holds 497,645 shares of Assurant which is valued at $42,419,260 , the company said in a statement filed on Aug 8, 2016 with the SEC.Assurant makes up approximately 1.19% of Forsta Ap-fonden’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc boosted its stake in AIZ in the latest quarter, The investment management firm added 40,900 additional shares and now holds a total of 123,600 shares of Assurant which is valued at $10,535,664. Assurant makes up approx 0.09% of Los Angeles Capital Management Equity Research Inc’s portfolio.Cookson Peirce Co Inc reduced its stake in AIZ by selling 1,030 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 56,165 shares of AIZ which is valued at $4,724,038. Assurant makes up approx 0.68% of Cookson Peirce Co Inc’s portfolio.California Public Employees Retirement System boosted its stake in AIZ in the latest quarter, The investment management firm added 10,200 additional shares and now holds a total of 247,101 shares of Assurant which is valued at $20,783,665. Assurant makes up approx 0.03% of California Public Employees Retirement System’s portfolio.Hussman Strategic Advisors boosted its stake in AIZ in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 75,000 shares of Assurant which is valued at $6,308,250. Assurant makes up approx 0.93% of Hussman Strategic Advisors’s portfolio.

Assurant opened for trading at $85.26 and hit $86.26 on the upside on Monday, eventually ending the session at $85.79, with a gain of 0.70% or 0.6 points. The heightened volatility saw the trading volume jump to 2,87,200 shares. Company has a market cap of $5,165 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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