Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Assurant, Inc. (NYSE:AIZ – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 63,392 shares of the financial services provider’s stock, valued at approximately $17,023,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.13% of Assurant as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in AIZ. Jones Financial Companies Lllp grew its stake in shares of Assurant by 606.7% in the first quarter. Jones Financial Companies Lllp now owns 1,060 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 910 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Assurant by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 290,759 shares of the financial services provider’s stock worth $60,987,000 after acquiring an additional 47,548 shares during the period. United Services Automobile Association acquired a new stake in shares of Assurant in the first quarter valued at $203,000. Focus Partners Wealth boosted its holdings in Assurant by 66.6% in the first quarter. Focus Partners Wealth now owns 2,648 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 1,059 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Assurant by 57.8% in the first quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 67 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Assurant
In other news, EVP Robert Lonergan sold 7,000 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $262.71, for a total value of $1,838,970.00. Following the completion of the transaction, the executive vice president owned 27,374 shares in the company, valued at approximately $7,191,423.54. This represents a 20.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nair Biju sold 3,931 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the completion of the transaction, the executive vice president owned 24,247 shares of the company’s stock, valued at approximately $7,333,747.62. The trade was a 13.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,931 shares of company stock worth $3,539,300. 0.54% of the stock is currently owned by insiders.
Key Assurant News
- Positive Sentiment: Zacks upgraded Assurant (AIZ) to Rank #2, or “Buy,” citing improving earnings prospects. The upgrade may attract additional buying interest and provide near-term support for the stock. Assurant upgraded to Buy
- Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $21.70 from $20.92, FY2027 EPS to $23.00 from $22.46, and FY2028 EPS to $24.74 from $24.44. It also increased estimates for select future quarters, signaling better-than-previously-expected earnings momentum.
- Neutral Sentiment: A Zacks value-investing analysis highlights the firm’s valuation, growth, momentum and earnings-estimate trends, but does not provide a new price target or a specific catalyst beyond the broader Zacks Rank methodology. Should value investors buy Assurant stock
- Negative Sentiment: Some quarterly forecasts were reduced, including Q3 2026 EPS to $4.36 from $4.39, Q4 2026 EPS to $4.98 from $5.43, and Q4 2027 EPS to $5.65 from $5.76. These cuts could temper enthusiasm, although they are offset by the higher full-year and longer-term estimates.
Assurant Stock Performance
NYSE:AIZ opened at $282.04 on Friday. The firm has a market capitalization of $13.91 billion, a PE ratio of 13.47 and a beta of 0.55. The business’s fifty day moving average price is $275.87 and its 200 day moving average price is $247.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. Assurant, Inc. has a 12 month low of $205.01 and a 12 month high of $303.94.
Assurant (NYSE:AIZ – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $1.24. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%.Assurant’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.56 EPS. On average, sell-side analysts anticipate that Assurant, Inc. will post 21.74 earnings per share for the current fiscal year.
Assurant Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. Assurant’s dividend payout ratio (DPR) is presently 16.81%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AIZ. Keefe, Bruyette & Woods boosted their target price on Assurant from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada set a $310.00 price objective on Assurant in a research note on Wednesday, June 17th. UBS Group boosted their price objective on Assurant from $274.00 to $331.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Assurant from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Assurant from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $316.57.
Check Out Our Latest Analysis on Assurant
Assurant Company Profile
Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.
Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.
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