Assurant, Inc. (NYSE:AIZ) Stock Position Lifted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its stake in shares of Assurant, Inc. (NYSE:AIZFree Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,207 shares of the financial services provider’s stock after purchasing an additional 981 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Assurant were worth $4,079,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. New York Life Investment Management LLC grew its holdings in Assurant by 29.9% during the third quarter. New York Life Investment Management LLC now owns 13,063 shares of the financial services provider’s stock worth $1,876,000 after acquiring an additional 3,005 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Assurant by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,865,496 shares of the financial services provider’s stock valued at $267,848,000 after purchasing an additional 109,123 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Assurant by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,015 shares of the financial services provider’s stock worth $63,034,000 after buying an additional 5,508 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Assurant by 3.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,085 shares of the financial services provider’s stock valued at $1,448,000 after buying an additional 348 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new position in shares of Assurant in the third quarter valued at $452,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Stock Performance

Shares of AIZ opened at $171.75 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.39 and a quick ratio of 0.39. Assurant, Inc. has a one year low of $121.51 and a one year high of $189.48. The company’s fifty day moving average price is $175.81 and its 200 day moving average price is $172.87. The company has a market capitalization of $8.93 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.56.

Assurant (NYSE:AIZGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.91. Assurant had a return on equity of 20.08% and a net margin of 6.73%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.82 billion. As a group, analysts expect that Assurant, Inc. will post 16.21 earnings per share for the current year.

Assurant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, June 10th. Assurant’s dividend payout ratio is currently 20.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AIZ. Keefe, Bruyette & Woods lifted their target price on Assurant from $182.00 to $186.00 and gave the stock a “market perform” rating in a report on Wednesday, May 15th. Piper Sandler boosted their price objective on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, UBS Group raised their target price on shares of Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Assurant presently has an average rating of “Moderate Buy” and an average price target of $200.25.

Get Our Latest Stock Report on Assurant

Insider Activity at Assurant

In other Assurant news, EVP Michael P. Campbell sold 1,304 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $173.35, for a total value of $226,048.40. Following the completion of the transaction, the executive vice president now owns 24,586 shares of the company’s stock, valued at approximately $4,261,983.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Michael P. Campbell sold 1,304 shares of Assurant stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $173.35, for a total transaction of $226,048.40. Following the sale, the executive vice president now owns 24,586 shares of the company’s stock, valued at approximately $4,261,983.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dimitry Dirienzo sold 2,084 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $175.29, for a total value of $365,304.36. Following the completion of the transaction, the chief accounting officer now owns 3,702 shares of the company’s stock, valued at $648,923.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,788 shares of company stock worth $2,248,489. Company insiders own 0.53% of the company’s stock.

Assurant Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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