Assurant (AIZ) was Initiated by Credit Suisse to “Neutral”. Credit Suisse advised their investors in a research report released on Oct 7, 2016.
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.
Assurant closed down -0.14 points or -0.15% at $90.4 with 3,94,311 shares getting traded on Tuesday. Post opening the session at $90.33, the shares hit an intraday low of $89.54 and an intraday high of $90.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 14, 2016, Christopher J Pagano (EVP, CRO) sold 6,000 shares at $89.58 per share price. According to the SEC, on Aug 22, 2016, John Andrew Sondej (SVP, Controller (PAO) sold 5,000 shares at $86.04 per share price. On Aug 8, 2016, Robert W Stein (director) sold 2,500 shares at $84.01 per share price, according to the Form-4 filing with the securities and exchange commission.
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.