Atria Investments Inc Purchases 225 Shares of Assurant, Inc. $AIZ

Atria Investments Inc increased its position in shares of Assurant, Inc. (NYSE:AIZ) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,493 shares of the financial services provider’s stock after acquiring an additional 225 shares during the quarter. Atria Investments Inc’s holdings in Assurant were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIZ. Envestnet Asset Management Inc. lifted its position in Assurant by 25.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,510 shares of the financial services provider’s stock valued at $25,696,000 after purchasing an additional 25,097 shares during the period. M&T Bank Corp grew its position in shares of Assurant by 57.9% during the 1st quarter. M&T Bank Corp now owns 2,141 shares of the financial services provider’s stock worth $449,000 after buying an additional 785 shares during the period. Cerity Partners LLC raised its stake in shares of Assurant by 120.0% during the first quarter. Cerity Partners LLC now owns 19,418 shares of the financial services provider’s stock worth $4,073,000 after buying an additional 10,592 shares during the last quarter. CWM LLC raised its stake in shares of Assurant by 6.2% during the first quarter. CWM LLC now owns 5,605 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 325 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Assurant in the first quarter valued at approximately $1,321,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets began coverage on shares of Assurant in a report on Tuesday, August 12th. They set an “outperform” rating and a $238.00 target price for the company. Stephens assumed coverage on Assurant in a research report on Tuesday, August 12th. They issued an “overweight” rating on the stock. UBS Group lifted their price objective on Assurant from $255.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen raised Assurant from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Zacks Research cut Assurant from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Assurant currently has a consensus rating of “Moderate Buy” and an average price target of $244.17.

Assurant Stock Up 0.4%

Assurant stock opened at $226.51 on Thursday. The company has a 50 day moving average of $214.41 and a 200-day moving average of $204.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.38. Assurant, Inc. has a twelve month low of $174.97 and a twelve month high of $230.55. The stock has a market capitalization of $11.34 billion, a PE ratio of 16.40 and a beta of 0.56.

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

Insider Buying and Selling at Assurant

In other news, CEO Keith Demmings sold 13,725 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $220.52, for a total transaction 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 represents a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 22,275 shares of company stock worth $4,909,946 over the last ninety days. 0.51% of the stock is owned by corporate insiders.

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.