TD Private Client Wealth LLC Has $107,000 Position in Assurant, Inc. $AIZ

TD Private Client Wealth LLC raised its stake in Assurant, Inc. (NYSE:AIZ) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 543 shares of the financial services provider’s stock after purchasing an additional 122 shares during the period. TD Private Client Wealth LLC’s holdings in Assurant were worth $107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in Assurant during the first quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in shares of Assurant in the first quarter worth about $28,000. Private Trust Co. NA lifted its holdings in shares of Assurant by 192.2% in the first quarter. Private Trust Co. NA now owns 149 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 98 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Assurant by 312.8% in the first quarter. Assetmark Inc. now owns 161 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 122 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Assurant by 57.8% in the first quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 67 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Assurant

In related news, EVP Jay Rosenblum sold 3,900 shares of Assurant stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $208.53, for a total value of $813,267.00. Following the completion of the sale, the executive vice president owned 7,875 shares of the company’s stock, valued at approximately $1,642,173.75. This trade represents a 33.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Keith Demmings sold 4,275 shares of Assurant stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $220.27, for a total value of $941,654.25. Following the completion of the sale, the chief executive officer directly owned 98,372 shares of the company’s stock, valued at approximately $21,668,400.44. This trade represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,400 shares of company stock worth $2,891,288 in the last ninety days. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Assurant in a report on Tuesday, August 12th. They issued an “outperform” rating and a $238.00 target price for the company. Morgan Stanley reissued a “cautious” rating on shares of Assurant in a report on Monday, August 18th. Stephens assumed coverage on shares of Assurant in a report on Tuesday, August 12th. They issued an “overweight” rating for the company. Zacks Research upgraded shares of Assurant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Assurant from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.83.

Assurant Stock Performance

Shares of AIZ stock opened at $214.47 on Tuesday. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 15.53 and a beta of 0.55. Assurant, Inc. has a 52 week low of $174.97 and a 52 week high of $230.55. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $206.52 and a 200-day moving average of $200.22.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $5.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $1.13. Assurant had a return on equity of 16.47% and a net margin of 5.83%.The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $4.77 EPS. Assurant’s quarterly revenue was up 8.0% compared to the same quarter last year. Assurant has set its FY 2025 guidance at 22.390-22.390 EPS. On average, equities analysts forecast that Assurant, Inc. will post 16.88 earnings per share for the current year.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Assurant’s payout ratio is presently 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.