Citigroup Inc. Buys 5,657 Shares of Assurant, Inc. $AIZ

Citigroup Inc. boosted its stake in Assurant, Inc. (NYSE:AIZ) by 16.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,300 shares of the financial services provider’s stock after purchasing an additional 5,657 shares during the period. Citigroup Inc. owned about 0.08% of Assurant worth $8,512,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AIZ. Jones Financial Companies Lllp increased 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 buying an additional 910 shares during the period. Goldman Sachs Group Inc. grew its holdings in Assurant by 19.6% in the 1st 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 last quarter. United Services Automobile Association purchased a new position in shares of Assurant in the first quarter valued at about $203,000. Focus Partners Wealth increased its position in shares of 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 acquiring an additional 1,059 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Assurant by 57.8% during the first quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price target on Assurant from $252.00 to $264.00 and gave the company an “overweight” rating in a report on Friday, December 19th. UBS Group lifted their price objective on Assurant from $255.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Wall Street Zen downgraded Assurant from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Morgan Stanley lifted their price target on shares of Assurant from $232.00 to $248.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Assurant in a research report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.17.

Assurant Trading Up 0.1%

NYSE:AIZ opened at $229.75 on Monday. The firm has a market capitalization of $11.42 billion, a P/E ratio of 13.54 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.39 and a quick ratio of 0.39. Assurant, Inc. has a one year low of $174.97 and a one year high of $246.31. The company’s 50-day simple moving average is $234.00 and its 200 day simple moving average is $223.82.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $5.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.06. Assurant had a net margin of 6.81% and a return on equity of 18.65%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm earned $4.79 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Tuesday, February 17th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, February 17th. Assurant’s payout ratio is 20.74%.

Key Headlines Impacting Assurant

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks lifted several near‑term and medium‑term EPS forecasts (notably Q1 2026 to $5.36 from $5.12, Q1 2027 to $4.98 from $4.86, Q2 2027 to $5.60 from $5.52, and modest raises for Q3 2026/Q3 2027 and FY2026). These upward tweaks imply better near‑term operating visibility and helped offset some weaker calls. Zacks estimate upgrades
• Positive Sentiment: Short interest fell ~16.9% in the latest reporting period (to ~769k shares), lowering the short‑ratio to ~1.3 days — a technical bullish sign that reduces downside pressure from short sellers. Short interest report
• Neutral Sentiment: Zacks published a FY2028 EPS projection ($24.21) — useful for longer‑term modeling but unlikely to move the stock materially today compared with the nearer‑term estimate changes. FY2028 outlook
• Negative Sentiment: Offsetting the positives, Zacks cut several later‑quarter and FY2027 forecasts (Q4 2026 to $5.75 from $5.93, Q4 2027 to $5.91 from $6.47, and FY2027 to $22.49 from $22.81), which signals some expected softness in back‑half results and caps upside. These downward revisions are a headwind for multiple‑quarter guidance expectations. Zacks estimate cuts

About Assurant

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.