Assurant, Inc. (NYSE:AIZ) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 90.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 948 shares of the financial services provider’s stock after selling 8,699 shares during the quarter. Quest Partners LLC’s holdings in Assurant were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AIZ. Innealta Capital LLC acquired a new position in shares of Assurant during the second quarter worth about $31,000. Assetmark Inc. purchased a new position in Assurant in the 4th quarter worth approximately $44,000. Quarry LP acquired a new stake in Assurant in the fourth quarter valued at approximately $51,000. Family Firm Inc. purchased a new stake in shares of Assurant during the second quarter valued at approximately $51,000. Finally, Covestor Ltd lifted its position in shares of Assurant by 35.7% during the first quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 91 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Assurant

In related news, EVP Martin Jenns sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the sale, the executive vice president now owns 4,027 shares of the company’s stock, valued at approximately $717,329.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $188.44, for a total value of $103,642.00. Following the sale, the chief accounting officer now owns 3,152 shares in the company, valued at $593,962.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Martin Jenns sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now owns 4,027 shares of the company’s stock, valued at $717,329.51. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Assurant from $210.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods boosted their price target on Assurant from $186.00 to $194.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Bank of America reduced their price target on Assurant from $223.00 to $222.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Piper Sandler downgraded Assurant from an “overweight” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a report on Thursday, August 22nd. Finally, StockNews.com upgraded Assurant from a “hold” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.60.

Assurant Stock Up 0.5 %

Shares of Assurant stock opened at $192.24 on Monday. The business has a 50-day moving average price of $180.81 and a 200 day moving average price of $176.85. Assurant, Inc. has a fifty-two week low of $137.50 and a fifty-two week high of $199.50. The firm has a market cap of $9.96 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.60 and a beta of 0.57. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.42.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.50. Assurant had a return on equity of 19.63% and a net margin of 6.90%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the business earned $3.89 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Assurant, Inc. will post 16.54 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be issued a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 1.50%. Assurant’s dividend payout ratio is currently 20.10%.

Assurant 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.