2,746 Shares in Assurant, Inc. (NYSE:AIZ) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Assurant, Inc. (NYSE:AIZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,746 shares of the financial services provider’s stock, valued at approximately $475,000.

Several other hedge funds have also added to or reduced their stakes in the business. Catalyst Financial Partners LLC boosted its position in Assurant by 4.2% during the 2nd quarter. Catalyst Financial Partners LLC now owns 1,466 shares of the financial services provider’s stock worth $244,000 after buying an additional 59 shares during the period. Empirical Finance LLC raised its holdings in Assurant by 3.3% during the 1st quarter. Empirical Finance LLC now owns 1,980 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 64 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Assurant by 1.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,373 shares of the financial services provider’s stock worth $1,200,000 after purchasing an additional 73 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in Assurant by 62.1% during the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Assurant by 35.7% during the 1st quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 91 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Martin Jenns sold 1,500 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now directly owns 4,027 shares of the company’s stock, valued at approximately $717,329.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Martin Jenns sold 1,500 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now directly owns 4,027 shares of the company’s stock, valued at approximately $717,329.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dimitry Dirienzo sold 550 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total transaction of $103,642.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,152 shares in the company, valued at $593,962.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America raised their price target on shares of Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com lowered shares of Assurant from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Sandler lifted their price objective on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods lifted 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. Finally, UBS Group lifted their price objective on shares of Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.60.

Assurant Price Performance

AIZ opened at $196.97 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.61 and a beta of 0.57. The firm’s fifty day moving average price is $192.28 and its two-hundred day moving average price is $179.13. Assurant, Inc. has a 1 year low of $144.61 and a 1 year high of $201.55.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.50. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.89 EPS. As a group, analysts anticipate that Assurant, Inc. will post 16.54 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, September 3rd. Assurant’s dividend payout ratio (DPR) is currently 20.10%.

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.