In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Assurant Inc. (NYSE:AIZ) reported that Neuberger Berman Group Llc. has picked up 229 of common stock as of 2017-02-14.
The acquisition brings the aggregate amount owned by Neuberger Berman Group Llc. to a total of 229 representing a 4.02% stake in the company.
For those not familiar with the company, Assurant, Inc. is a provider of specialty protection products and related services. The Company’s segments include Assurant Solution, Assurant Specialty Property and Corporate & Other. The Assurant Solutions segment provides mobile device protection products and services; debt protection administration; credit insurance; extended service products and related services for consumer electronics, appliances and vehicles, and offers pre-funded funeral insurance. The Assurant Specialty Property segment provides lender-placed homeowners insurance; property preservation and valuation services; flood insurance; renters insurance and related products, and manufactured housing homeowners insurance. The Corporate & Other segment includes activities of the holding company, financing and interest expenses, net realized gains (losses) on investments and interest income earned from short-term investments held.
A glance at Assurant Inc. (NYSE:AIZ)’s key stats reveals a current market capitalization of 5.52 billion based on 58.01 million shares outstanding and a price at last close of $95.33 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-11-11, Montupet picked up 300 at a purchase price of $59.83. This brings their total holding to 5,921 as of the date of the filing.
On the sell side, the most recent transaction saw Pagano unload 600 shares at a sale price of $92.53. This brings their total holding to 59,800.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Assurant Inc. (NYSE:AIZ) as things move forward to see if its progress aligns with these transactions.
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