Assurant, Inc. (NYSE:AIZ) EVP Martin Jenns Sells 1,500 Shares

Assurant, Inc. (NYSE:AIZ) EVP Martin Jenns sold 1,500 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 4,027 shares in the company, valued at approximately $717,329.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Assurant Trading Up 3.3 %

Shares of NYSE:AIZ traded up $5.86 on Tuesday, hitting $184.32. The company had a trading volume of 502,485 shares, compared to its average volume of 350,653. The firm’s 50-day simple moving average is $169.47 and its two-hundred day simple moving average is $173.73. Assurant, Inc. has a 1 year low of $136.15 and a 1 year high of $189.48. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.73 and a beta of 0.54.

Assurant (NYSE:AIZ) last posted 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 6.73% and a return on equity of 20.08%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the company posted $3.89 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Assurant, Inc. will post 16.04 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a dividend of $0.72 per share. The ex-dividend date was Monday, June 10th. This represents a $2.88 dividend on an annualized basis and a yield of 1.56%. Assurant’s dividend payout ratio (DPR) is currently 20.10%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Assurant from $182.00 to $186.00 and gave the company a “market perform” rating in a report on Wednesday, May 15th. Piper Sandler reissued an “overweight” rating and set a $205.00 price target on shares of Assurant in a research report on Friday, June 28th. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Bank of America dropped their price target on shares of Assurant from $223.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, UBS Group increased their price target on shares of Assurant from $210.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Catalyst Financial Partners LLC lifted 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 valued at $244,000 after acquiring an additional 59 shares during the period. CWM LLC lifted its position in Assurant by 6.8% during the 4th quarter. CWM LLC now owns 976 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 62 shares during the period. Empirical Finance LLC lifted its position in Assurant by 3.3% during the 1st quarter. Empirical Finance LLC now owns 1,980 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 64 shares during the period. Fifth Third Bancorp increased its stake in Assurant by 3.8% during the 1st quarter. Fifth Third Bancorp now owns 1,949 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 71 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake 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 valued at $1,200,000 after purchasing an additional 73 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.