Yousif Capital Management LLC Sells 278 Shares of Assurant, Inc. (NYSE:AIZ)

Yousif Capital Management LLC decreased its position in shares of Assurant, Inc. (NYSE:AIZ) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,831 shares of the financial services provider’s stock after selling 278 shares during the quarter. Yousif Capital Management LLC’s holdings in Assurant were worth $1,457,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AIZ. FMR LLC boosted its position in shares of Assurant by 6.0% during the third quarter. FMR LLC now owns 1,163,593 shares of the financial services provider’s stock worth $231,392,000 after purchasing an additional 65,874 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of Assurant by 11,480.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 464,952 shares of the financial services provider’s stock valued at $92,460,000 after buying an additional 460,937 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Assurant during the 3rd quarter worth $48,430,000. Barclays PLC grew its stake in Assurant by 48.4% in the third quarter. Barclays PLC now owns 192,310 shares of the financial services provider’s stock valued at $38,243,000 after acquiring an additional 62,696 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Assurant by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider’s stock worth $34,079,000 after acquiring an additional 24,887 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Price Performance

NYSE AIZ opened at $207.46 on Thursday. The firm’s 50 day moving average is $212.83 and its 200-day moving average is $202.44. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $10.64 billion, a PE ratio of 14.80 and a beta of 0.62. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.31% and a return on equity of 17.42%. Equities research analysts anticipate that Assurant, Inc. will post 15.82 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.20 annualized dividend and a yield of 1.54%. Assurant’s payout ratio is presently 22.82%.

Analyst Ratings Changes

AIZ has been the topic of several recent analyst reports. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial lifted their price target on shares of Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods increased their price objective on shares of Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley started coverage on shares of Assurant in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $229.50.

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.