Assurant, Inc. (NYSE:AIZ) Stock Holdings Lowered by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Assurant, Inc. (NYSE:AIZ) by 97.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,472 shares of the financial services provider’s stock after selling 59,202 shares during the quarter. SG Americas Securities LLC’s holdings in Assurant were worth $314,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. True Wealth Design LLC acquired a new position in shares of Assurant in the 3rd quarter worth $25,000. Huntington National Bank boosted its position in shares of Assurant by 509.4% in the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 163 shares during the period. Brooklyn Investment Group purchased a new position in Assurant in the 3rd quarter worth about $42,000. Capital Performance Advisors LLP acquired a new position in shares of Assurant in the third quarter worth about $56,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Assurant in the third quarter worth approximately $72,000. Institutional investors own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AIZ shares. Truist Financial upped their price target on shares of Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley began coverage on Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price for the company. Bank of America lifted their price target on Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Finally, StockNews.com raised Assurant from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $229.50.

Assurant Stock Performance

Shares of NYSE AIZ opened at $212.58 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The business’s 50-day moving average price is $214.43 and its two-hundred day moving average price is $200.62. The company has a market capitalization of $10.90 billion, a P/E ratio of 15.16 and a beta of 0.62.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $3.00 EPS for the quarter, beating the consensus estimate of $2.52 by $0.48. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Assurant had a return on equity of 17.42% and a net margin of 6.31%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.29 EPS. Analysts anticipate that Assurant, Inc. will post 15.82 earnings per share for the current fiscal year.

Assurant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s dividend payout ratio is 22.82%.

Insider Transactions at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $209.18, for a total transaction of $627,540.00. Following the transaction, the executive vice president now owns 20,658 shares of the company’s stock, valued at approximately $4,321,240.44. This represents a 12.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.

Assurant 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.