Advisory Services Network buys $348,838 stake in Assurant (AIZ)

Assurant (AIZ) : Advisory Services Network scooped up 2 additional shares in Assurant during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 3,879 shares of Assurant which is valued at $348,838.Assurant makes up approximately 0.07% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in AIZ by selling 660 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 15,372 shares of AIZ which is valued at $1,382,404. Assurant makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.Independent Portfolio Consultants reduced its stake in AIZ by selling 55 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 1,415 shares of AIZ which is valued at $128,680. Assurant makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.Chevy Chase Trust Holdings reduced its stake in AIZ by selling 2,670 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 50,692 shares of AIZ which is valued at $4,609,930. Assurant makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio. Telemus Capital added AIZ to its portfolio by purchasing 2,991 company shares during the most recent quarter which is valued at $272,002. Assurant makes up approx 0.03% of Telemus Capital’s portfolio. Washington Trust Bank added AIZ to its portfolio by purchasing 7 company shares during the most recent quarter which is valued at $637.

Assurant closed down -0.01 points or -0.01% at $89.93 with 2,81,431 shares getting traded on Friday. Post opening the session at $90.11, the shares hit an intraday low of $89.49 and an intraday high of $90.52 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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