BK.NYSEBank of New York Mellon CORP
SCHEDULE: Bank of New York Mellon Corp Reports 6.5% Stake in Assurant, Inc.
Sentiment:
Schedule 13G Filing
Bank of New York Mellon Corp and its subsidiaries report beneficial ownership of 6.5% of Assurant, Inc.'s common stock as of December 31, 2024.
Summary
- Bank of New York Mellon Corp has filed a Schedule 13G with the SEC, reporting its ownership stake in Assurant, Inc.
- As of December 31, 2024, Bank of New York Mellon Corp beneficially owns 3,320,590 shares of Assurant, Inc.'s common stock, representing 6.5% of the class.
- BNY Mellon IHC, LLC and MBC Investments Corp, both report beneficial ownership of 2,794,363 shares, representing 5.4% of the class.
- The shares are held in various fiduciary capacities by Bank of New York Mellon Corp and its direct or indirect subsidiaries.
- No single other person's interest in the securities reported is more than 5%.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The document simply reports ownership, and there are no indications of concern or negative events. The fact that a large institution holds a significant stake could be viewed as a positive sign of confidence in the company.
Positives
- The filing indicates that the securities were acquired and are held in the ordinary course of business.
- The reporting persons are not seeking to influence control of Assurant, Inc.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This filing is a routine disclosure required by the SEC for institutional investors holding more than 5% of a publicly traded company's shares. It provides transparency regarding ownership and potential influence.
Comparison to Industry Standards
- Schedule 13G filings are standard practice for institutional investors like Bank of New York Mellon Corp when their ownership stake in a company exceeds 5%.
- Comparable filings can be seen from other major financial institutions such as BlackRock, Vanguard, and State Street when they hold significant positions in publicly traded companies.
- The level of detail provided in this filing is consistent with industry norms for Schedule 13G disclosures.
Stakeholder Impact
- The disclosure of a 6.5% ownership stake by Bank of New York Mellon Corp may have a minor positive impact on shareholder confidence.
- The filing confirms that the shares are held in a fiduciary capacity and not for the purpose of influencing control, which may reassure stakeholders.
Key Dates
| Date | Description |
|---|---|
| September 16, 2015 | Date of Power of Attorney execution by Donald Heberle of BNY Mellon, National Association. |
| September 18, 2015 | Date of Power of Attorney execution by Mitchell E. Harris of The Bank of New York Mellon. |
| August 26, 2015 | Date of Power of Attorney execution by Curtis Arledge of The Bank of New York Mellon. |
| October 7, 2015 | Date of Power of Attorney execution by Kurtis R. Kurimsky of Mellon Overseas Investment Corporation. |
| October 9, 2015 | Date of Power of Attorney execution by Thomas J. Dicker of BNY Mellon, National Association. |
| July 15, 2015 | Date of Power of Attorney execution by Rodger Nisbet of Walter Scott & Partners Limited. |
| July 17, 2015 | Date of Power of Attorney execution by James Helby of Newton Investment Management Limited and Helena Morrissey of Newton Management Limited. |
| August 15, 2016 | Date of Power of Attorney execution by John M. Roy of BNY International Financing Corporation. |
| October 19, 2015 | Date of Power of Attorney execution by Lee James Woolley of BNY Mellon Trust of Delaware. |
| October 20, 2015 | Date of Power of Attorney execution by Antonio Portuondo of The Bank of New York Mellon Trust Company, National Association. |
| October 21, 2015 | Date of Power of Attorney execution by James P. Ambagis of BNY Mellon Trust of Delaware, B.N.Y. Holdings (Delaware) Corporation, Greg Brisk of BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon Investment Management (Jersey) Limited. |
| October 24, 2015 | Date of Power of Attorney execution by Thomas P. Gibbons of BNY Capital Markets Holdings, Inc. |
| January 4, 2016 | Date of Power of Attorney execution by Camila Souza and Guilherme Abry of ARX Investimentos LTDA. |
| February 16, 2016 | Date of Power of Attorney execution by Charles Farquharson of Insight Investment Management (Global) Limited and Insight Investment Management Corporation Limited. |
| March 8, 2016 | Date of Power of Attorney execution by Kurtis R. Kurimsky of The Bank of New York Mellon Trust Company, National Association. |
| April 19, 2016 | Date of Power of Attorney execution by Emily Chan and Doni Shamsuddin of BNY Mellon Investment Management (APAC) Holdings Limited. |
| April 29, 2016 | Date of Power of Attorney execution by Paul A. Griffiths of MBC Investments Corporation. |
| May 5, 2016 | Date of Power of Attorney execution by Carlos Alberto Saraiva and Marcus Vinicius Mathias Pereira of BNY Mellon Servicos Financeiros Distribuidora de Titulos e Valores Mobiliarios S.A. and BNY Mellon Participacoes LTDA. |
| May 11, 2016 | Date of Power of Attorney execution by Claire Santaniello of Pershing Group LLC. |
| May 12, 2016 | Date of Power of Attorney execution by Kurtis R. Kurimsky of BNY International Financing Corporation. |
| May 17, 2016 | Date of Power of Attorney execution by Laura Ahto of The Bank of New York Mellon SA/NV, Gillian Nelson and Patricia Bruzio of BNY Mellon Trust Company (Cayman) Limited. |
| May 24, 2016 | Date of Power of Attorney execution by Claire Santaniello of Pershing LLC. |
| June 29, 2018 | Date of Power of Attorney execution by Leo P. Grohowski of Mellon Global Investing Corporation. |
| December 7, 2016 | Date of Power of Attorney execution by John Ariola of Insight North America LLC. |
| October 19, 2016 | Date of Power of Attorney execution by Jeff Gearhart of BNY Mellon Capital Markets, LLC. |
| March 17, 2017 | Date of Power of Attorney execution by Mitchell E. Harris of The Bank of New York Mellon Corporation. |
| March 29, 2017 | Date of Power of Attorney execution by Kurtis R. Kurimsky of BNY Mellon IHC, LLC. |
| February 14, 2018 | Date of Power of Attorney execution by Lee Palmer of Insight Investment International Limited. |
| January 10, 2019 | Date of Power of Attorney execution by Jennifer Cassedy of Mellon Investments Corporation. |
| June 03, 2019 | Date of Power of Attorney execution by James Bitetto of BNY Mellon Investment Adviser, Inc and Kenneth J. Bradle of BNY Mellon Securities Corporation. |
| December 04, 2019 | Date of Power of Attorney execution by Jennifer Cassedy of BNY Mellon ETF Investment Adviser, LLC. |
| April 10, 2020 | Date of Power of Attorney execution by Shogo Yamaguchi of BNY Mellon Investment Management Japan Limited. |
| August 20, 2021 | Date of Power of Attorney execution by Michael Germano of Newton Investment Management North America, LLC. |
| February 02, 2023 | Date of Power of Attorney execution by Izumi Chihara of Newton Investment Management Japan LTD. |
| June 15, 2023 | Date of Power of Attorney execution by Joel Hempel of BNY Mellon Advisors, Inc. |
| December 31, 2024 | Date of event which requires filing of this statement. |
| January 23, 2025 | Date of filing of Schedule 13G. |
Keywords
Schedule 13G, beneficial ownership, Assurant Inc, Bank of New York Mellon Corp, BNY Mellon IHC LLC, MBC Investments Corp, common stock, SEC filing
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