Can Assurant Inc (NYSE:AIZ)’s Tomorrow Be Different? The Stock Had Decline in Shorts

April 17, 2018 - By Nellie Frank

Assurant, Inc. (NYSE:AIZ) Logo

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.12, from 1.01 in 2017Q3. It dropped, as 38 investors sold Assurant, Inc. shares while 121 reduced holdings. 39 funds opened positions while 103 raised stakes. 47.03 million shares or 0.18% more from 46.94 million shares in 2017Q3 were reported.
Pictet Asset Mgmt Ltd holds 30,670 shares or 0.01% of its portfolio. Nomura owns 0.02% invested in Assurant, Inc. (NYSE:AIZ) for 98,235 shares. Regentatlantic Cap Llc accumulated 20,479 shares or 0.17% of the stock. Hartford Mgmt reported 12,030 shares. Boston Partners reported 42,754 shares stake. Point72 Asia (Hong Kong) reported 892 shares or 0.07% of all its holdings. Principal Gru accumulated 75,828 shares. Todd Asset Mgmt Llc holds 0.41% in Assurant, Inc. (NYSE:AIZ) or 151,791 shares. First Citizens Bankshares & invested in 0.07% or 5,129 shares. Art Advisors Ltd Company has invested 0.19% of its portfolio in Assurant, Inc. (NYSE:AIZ). Amer Interest Gp Inc holds 0.01% or 24,349 shares. Liberty Mutual Grp Asset Mngmt invested in 0.01% or 2,148 shares. Davis R M has 0.02% invested in Assurant, Inc. (NYSE:AIZ). Pinebridge Investments Limited Partnership holds 0% or 797 shares in its portfolio. California State Teachers Retirement Sys accumulated 101,297 shares or 0.02% of the stock.

The stock of Assurant Inc (NYSE:AIZ) registered a decrease of 9.8% in short interest. AIZ’s total short interest was 1.71M shares in April as published by FINRA. Its down 9.8% from 1.90 million shares, reported previously. With 676,400 shares average volume, it will take short sellers 3 days to cover their AIZ’s short positions. The short interest to Assurant Inc’s float is 3.22%.

The stock increased 0.93% or $0.86 during the last trading session, reaching $93.36. About 307,166 shares traded. Assurant, Inc. (NYSE:AIZ) has declined 5.15% since April 17, 2017 and is downtrending. It has underperformed by 16.70% the S&P500.

Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets worldwide. The company has market cap of $4.91 billion. The companyÂ’s Global Housing segment provides lender-placed, homeowners, voluntary manufactured housings, and floods insurance services; renters insurance and related products; and mortgage solutions comprising property inspection and preservation services, valuation and title services, and other property risk management services. It has a 9.94 P/E ratio. The Company’s Global Lifestyle segment offers mobile device protection products and related services, and extended service contracts for consumer electronics and appliances; vehicle protection services; and credit and other insurance services.

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