SG Americas Securities LLC Has $12.07 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

SG Americas Securities LLC increased its position in Assurant, Inc. (NYSE:AIZ) by 751.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,674 shares of the financial services provider’s stock after purchasing an additional 53,544 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of Assurant worth $12,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Czech National Bank raised its holdings in shares of Assurant by 6.5% in the 3rd quarter. Czech National Bank now owns 10,550 shares of the financial services provider’s stock valued at $2,098,000 after purchasing an additional 644 shares during the period. Cascade Investment Advisors Inc. bought a new stake in shares of Assurant in the 3rd quarter valued at about $1,475,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Assurant by 444.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,500 shares of the financial services provider’s stock valued at $4,073,000 after purchasing an additional 20,000 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Assurant in the 2nd quarter valued at about $475,000. Finally, Cetera Investment Advisers raised its holdings in shares of Assurant by 10.6% in the 2nd quarter. Cetera Investment Advisers now owns 14,342 shares of the financial services provider’s stock valued at $2,384,000 after purchasing an additional 1,369 shares during the period. 92.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Martin Jenns sold 1,500 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $717,329.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Martin Jenns sold 1,500 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $717,329.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Dimitry Dirienzo sold 550 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $188.44, for a total transaction of $103,642.00. Following the sale, the chief accounting officer now owns 3,152 shares in the company, valued at $593,962.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Assurant Stock Performance

Shares of AIZ traded up $1.06 during mid-day trading on Friday, hitting $197.53. 262,331 shares of the company’s stock were exchanged, compared to its average volume of 350,344. Assurant, Inc. has a 52 week low of $144.54 and a 52 week high of $201.55. The stock’s 50-day simple moving average is $189.23 and its 200-day simple moving average is $178.68. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.68 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 announced its earnings results on Tuesday, August 6th. The financial services provider reported $4.08 EPS for the quarter, topping the consensus estimate of $3.58 by $0.50. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm earned $3.89 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts expect that Assurant, Inc. will post 16.54 EPS for the current year.

Assurant Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.88 annualized dividend and a dividend yield of 1.46%. Assurant’s dividend payout ratio is 20.10%.

Analyst Ratings Changes

AIZ has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Bank of America lowered their price target on shares of Assurant from $223.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. UBS Group increased their price target on shares of Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a report on Monday, September 23rd. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Piper Sandler increased their price target on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Assurant currently has an average rating of “Moderate Buy” and an average price target of $212.40.

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.