Assurant, Inc. $AIZ Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in Assurant, Inc. (NYSE:AIZ) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,241 shares of the financial services provider’s stock after purchasing an additional 496 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Assurant were worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AIZ. Zions Bancorporation National Association UT acquired a new position in shares of Assurant during the 1st quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in Assurant in the 1st quarter worth about $28,000. REAP Financial Group LLC increased its position in Assurant by 193.9% during the second quarter. REAP Financial Group LLC now owns 144 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Private Trust Co. NA increased its position in Assurant by 192.2% during the 1st quarter. Private Trust Co. NA now owns 149 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Assurant by 312.8% during the 1st quarter. Assetmark Inc. now owns 161 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Transactions at Assurant

In related news, CAO Dimitry Dirienzo sold 950 shares of Assurant stock in a transaction on Friday, August 8th. The shares were sold at an average price of $204.96, for a total value of $194,712.00. Following the completion of the sale, the chief accounting officer owned 3,135 shares of the company’s stock, valued at approximately $642,549.60. The trade was a 23.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keith Demmings sold 13,725 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $220.52, for a total value of $3,026,637.00. Following the transaction, the chief executive officer owned 84,647 shares in the company, valued at approximately $18,666,356.44. This trade represents a 13.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,125 shares of company stock worth $5,917,925 in the last 90 days. 0.51% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AIZ shares. BMO Capital Markets initiated coverage on shares of Assurant in a report on Tuesday, August 12th. They issued an “outperform” rating and a $238.00 price objective on the stock. Wall Street Zen upgraded Assurant from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research upgraded Assurant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Morgan Stanley boosted their target price on Assurant from $230.00 to $232.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, UBS Group raised their target price on shares of Assurant from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $243.00.

Assurant Trading Down 3.1%

NYSE AIZ opened at $215.04 on Thursday. The firm’s fifty day simple moving average is $213.68 and its 200-day simple moving average is $200.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.38. Assurant, Inc. has a 1-year low of $174.97 and a 1-year high of $230.55. The company has a market capitalization of $10.85 billion, a PE ratio of 15.57 and a beta of 0.55.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Thursday, March 24th. The financial services provider reported $1.80 earnings per share for the quarter. The company had revenue of $2.42 billion during the quarter. Assurant had a return on equity of 16.47% and a net margin of 5.83%. Assurant has set its FY 2022 guidance at $13.062-$13.512 EPS. As a group, sell-side analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 2nd were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Assurant’s payout ratio is currently 23.17%.

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.