Is Assurant, Inc. (AIZ) a Good Stock to Buy?

Seeing as Assurant, Inc. (NYSE:AIZ) has sustained bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there lies a certain “tier” of funds that elected to cut their positions entirely last quarter. It’s worth mentioning that Jacob Gottlieb’s Visium Asset Management cut the largest investment of the 700 funds watched by Insider Monkey, comprising close to $7.4 million in stock, and George Hall’s Clinton Group was right behind this move, as the fund cut about $2.3 million worth of shares.

Let’s also examine hedge fund activity in other stocks similar to Assurant, Inc. (NYSE:AIZ). We will take a look at JetBlue Airways Corporation (NASDAQ:JBLU), Post Holdings Inc (NYSE:POST), Calpine Corporation (NYSE:CPN), and Polaris Industries Inc. (NYSE:PII). This group of stocks’ market valuations are similar to AIZ’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
JBLU 32 486895 -6
POST 44 1553643 4
CPN 35 836596 3
PII 12 75063 -5

As you can see these stocks had an average of 31 funds with bullish positions and the average amount invested in these stocks was $738 million. That figure was $220 million in AIZ’s case. Post Holdings Inc (NYSE:POST) is the most popular stock in this table. On the other hand Polaris Industries Inc. (NYSE:PII) is the least popular one with only 12 bullish hedge fund positions. Assurant, Inc. (NYSE:AIZ) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard POST might be a better candidate to consider taking a long position in.

Disclosure: None