Assurant, Inc. (NYSE:AIZ) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of Assurant, Inc. (NYSE:AIZ) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,182 shares of the financial services provider’s stock after selling 2,312 shares during the period. Rhumbline Advisers owned 0.21% of Assurant worth $23,066,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIZ. True Wealth Design LLC acquired a new stake in shares of Assurant in the third quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Assurant in the fourth quarter worth $28,000. Huntington National Bank increased its position in shares of Assurant by 509.4% in the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 163 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Assurant in the third quarter worth $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Assurant in the third quarter worth $56,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Trading Up 0.5 %

Assurant stock opened at $201.22 on Friday. The firm’s 50-day moving average is $210.44 and its 200-day moving average is $203.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.42 and a current ratio of 0.64. Assurant, Inc. has a 1 year low of $160.12 and a 1 year high of $230.55. The company has a market cap of $10.32 billion, a P/E ratio of 13.91 and a beta of 0.62.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. On average, equities analysts expect that Assurant, Inc. will post 16.88 earnings per share for the current year.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, February 3rd will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.59%. Assurant’s payout ratio is currently 22.11%.

Insider Transactions at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the sale, the executive vice president now owns 17,708 shares of the company’s stock, valued at $3,568,162. This trade represents a 14.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Assurant in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price for the company. Keefe, Bruyette & Woods upgraded shares of Assurant from a “market perform” rating to an “outperform” rating and upped their target price for the company from $212.00 to $230.00 in a research note on Thursday. StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Truist Financial increased their price objective on shares of Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.17.

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.