6,779 Shares in Assurant, Inc. $AIZ Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Assurant, Inc. (NYSE:AIZ) during the second quarter, HoldingsChannel.com reports. The fund acquired 6,779 shares of the financial services provider’s stock, valued at approximately $1,339,000.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its stake in Assurant by 28.0% in the first quarter. Invesco Ltd. now owns 1,479,310 shares of the financial services provider’s stock valued at $310,285,000 after buying an additional 323,573 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Assurant by 8.3% during the second quarter. Bank of New York Mellon Corp now owns 4,051,114 shares of the financial services provider’s stock worth $800,054,000 after purchasing an additional 310,455 shares during the last quarter. Nuveen LLC acquired a new position in Assurant in the first quarter valued at approximately $28,095,000. Fuller & Thaler Asset Management Inc. increased its stake in Assurant by 73.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 279,268 shares of the financial services provider’s stock valued at $58,577,000 after purchasing an additional 118,096 shares during the last quarter. Finally, Amundi raised its holdings in Assurant by 30.6% during the first quarter. Amundi now owns 367,161 shares of the financial services provider’s stock worth $74,688,000 after purchasing an additional 85,962 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Assurant

In related news, CEO Keith Demmings sold 13,725 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $220.52, for a total value of $3,026,637.00. Following the completion of the transaction, the chief executive officer directly owned 84,647 shares of the company’s stock, valued at $18,666,356.44. This trade represents a 13.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 22,275 shares of company stock valued at $4,909,946. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

AIZ has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Assurant from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Stephens initiated coverage on Assurant in a report on Tuesday, August 12th. They set an “overweight” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Assurant in a report on Wednesday, October 8th. Morgan Stanley upped their target price on Assurant from $230.00 to $232.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen raised Assurant from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Assurant has a consensus rating of “Moderate Buy” and a consensus target price of $244.17.

Assurant Stock Performance

NYSE AIZ opened at $227.35 on Thursday. 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 12-month low of $174.97 and a 12-month high of $230.55. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 16.45 and a beta of 0.56. The business’s 50 day moving average is $214.41 and its two-hundred day moving average is $204.16.

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

Assurant 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.