Assurant reported earnings per share of $2.07, beating estimates of $1.59. It also hiked its dividend by 67% for the second quarter to $0.50 per share.
Assurant operates under three main business segments. These segments are Assurant Solutions, Assurant Specialty Property, and Assurant Health.
Assurant is a New York–based company that was incorporated in 2003. It has a Fortune 500 ranking of 285.
Flows into investment-grade bond funds were negative for the week ended September 16 after inflows the previous week. Investment-grade bond funds saw net outflows of $737.0 million in the week.
US corporates were the biggest issuers of high-grade bonds last week, making up 54.2% of all issues. The Walt Disney Company (DIS) issued A2/A rated high-grade bonds worth $2.0 billion.
Investment-grade corporate bonds worth $10.05 billion were issued in the primary market in the week ended September 18. Issuance fell after issuers thronged the primary market the previous week.
Investment-grade corporate bond yields rose to 3.52% on September 16. This was the highest level in 2015 year-to-date and the highest level since September 18, 2013.
Investment-grade bond yields fell as the US Federal Reserve kept interest rates unchanged at its FOMC policy meeting on September 16–17.
In the week ended September 18, emerging market equities (EEM) saw total outflows of $69 million, compared to outflows of $653 million in the previous week.
Valuations rose by 3.10% in the week ended September 11, 2015. The rise was mainly due to buying in India’s equities on higher industrial production and low inflation.
Emerging market equities (EEM) rose by 3.41% in the week ended September 18, mainly due to the buying of Indian equities, partially offset by a fall in Chinese equities.
In the week ended September 18, EU equities (EFA) saw total inflows of $24 million, compared to outflows of $309 million in the previous week.
Valuations rose 0.29% last week due to a higher trade surplus and industrial production. It was partially offset by a fall in industrial output from the United Kingdom and France.
EU equities fell in the week ended September 18, 2015. The MSCI Europe Index fell 0.31%, and the United Kingdom’s markets fell the least by 0.22%.
In the week ended September 18, 2015, US equities saw total outflows of $1.66 billion, compared to outflows of $1.59 billion in the previous week.
Valuations rose 0.03% in the week ended September 18, 2015. They were revised mainly due to higher retail sales, more building permits, lower unemployment rate, and unchanged interest rates.
The US equities market (SPY) fell 0.15% in the week ended September 18, 2015. The fall was due mainly to the Fed’s decision to not hike the interest rate, which indicated a weakness in the global markets.
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