Assurant, Inc. (NYSE:AIZ) Shares Sold by Shay Capital LLC

Shay Capital LLC lowered its position in shares of Assurant, Inc. (NYSE:AIZ) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,750 shares of the financial services provider’s stock after selling 250 shares during the period. Shay Capital LLC’s holdings in Assurant were worth $2,505,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Assurant by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,773 shares of the financial services provider’s stock worth $1,657,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Assurant by 28.6% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the financial services provider’s stock worth $168,000 after buying an additional 188 shares during the period. Atria Wealth Solutions Inc. bought a new position in Assurant in the 4th quarter worth approximately $329,000. Merit Financial Group LLC bought a new position in Assurant in the 4th quarter worth approximately $254,000. Finally, Hennessy Advisors Inc. increased its position in Assurant by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 54,000 shares of the financial services provider’s stock valued at $11,514,000 after acquiring an additional 3,500 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Piper Sandler raised shares of Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price objective for the company in a report on Thursday, April 10th. StockNews.com upgraded shares of Assurant from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Assurant from $230.00 to $224.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.17.

Assurant Price Performance

NYSE:AIZ opened at $199.44 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $198.31 and its 200 day moving average price is $206.89. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55. The firm has a market cap of $10.15 billion, a P/E ratio of 13.78 and a beta of 0.59.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.61. Assurant had a net margin of 6.40% and a return on equity of 17.25%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the firm posted $4.78 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, sell-side analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Biju Nair sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of the sale, the executive vice president now directly owns 17,708 shares of the company’s stock, valued at $3,568,162. This represents a 14.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.51% of the stock is currently owned by insiders.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.