Vanguard Personalized Indexing Management LLC Buys 314 Shares of Assurant, Inc. (NYSE:AIZ)

Vanguard Personalized Indexing Management LLC increased its position in shares of Assurant, Inc. (NYSE:AIZ) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,699 shares of the financial services provider’s stock after purchasing an additional 314 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Assurant were worth $1,779,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Catalyst Financial Partners LLC increased its stake in shares of Assurant by 4.2% in the 2nd quarter. Catalyst Financial Partners LLC now owns 1,466 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 59 shares during the last quarter. Empirical Finance LLC raised its stake in Assurant by 3.3% during the first quarter. Empirical Finance LLC now owns 1,980 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 64 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Assurant by 1.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,373 shares of the financial services provider’s stock worth $1,200,000 after acquiring an additional 73 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Assurant by 35.7% in the first quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 91 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Assurant by 0.6% in the 1st quarter. Blair William & Co. IL now owns 17,297 shares of the financial services provider’s stock valued at $3,256,000 after purchasing an additional 100 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Assurant Trading Up 0.1 %

NYSE AIZ opened at $194.27 on Friday. The firm has a market capitalization of $10.10 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. The business’s 50-day moving average price is $183.77 and its two-hundred day moving average price is $177.38. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. Assurant, Inc. has a 12 month low of $141.30 and a 12 month high of $199.50.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $4.08 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the business posted $3.89 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, analysts expect that Assurant, Inc. will post 16.54 EPS for the current year.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, September 3rd. Assurant’s dividend payout ratio (DPR) is presently 20.10%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. StockNews.com upgraded Assurant from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. UBS Group increased their target price on Assurant from $210.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Bank of America reduced their price target on Assurant from $223.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, Piper Sandler lowered shares of Assurant from an “overweight” rating to a “neutral” rating and set a $200.00 price objective for the company. in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Assurant currently has an average rating of “Moderate Buy” and an average price target of $207.60.

About Assurant

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.