Robeco Institutional Asset Management B.V. Sells 75,088 Shares of Assurant, Inc. (NYSE:AIZ)

Robeco Institutional Asset Management B.V. decreased its position in shares of Assurant, Inc. (NYSE:AIZ) by 29.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 181,870 shares of the financial services provider’s stock after selling 75,088 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.35% of Assurant worth $36,167,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Assurant in the second quarter worth $31,000. Richardson Financial Services Inc. increased its stake in shares of Assurant by 62.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Family Firm Inc. purchased a new position in Assurant during the 2nd quarter valued at about $51,000. Blue Trust Inc. boosted its stake in Assurant by 40.1% during the second quarter. Blue Trust Inc. now owns 353 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 101 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Assurant by 35.7% in the first quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 91 shares during the period. Institutional investors own 92.65% of the company’s stock.

Insider Activity

In related news, CAO Dimitry Dirienzo sold 550 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 3,152 shares in the company, valued at approximately $593,962.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Martin Jenns sold 1,500 shares of Assurant 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 owns 4,027 shares in the company, valued at $717,329.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Dimitry Dirienzo sold 550 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $188.44, for a total transaction of $103,642.00. Following the sale, the chief accounting officer now directly owns 3,152 shares of the company’s stock, valued at approximately $593,962.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Assurant Trading Up 1.1 %

Assurant stock opened at $193.23 on Wednesday. Assurant, Inc. has a one year low of $158.29 and a one year high of $201.55. The business’s fifty day moving average is $194.45 and its 200 day moving average is $180.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $10.01 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.50. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the business posted $3.89 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts predict that Assurant, Inc. will post 14.13 EPS for the current year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 1.49%. Assurant’s dividend payout ratio is presently 19.19%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Assurant from $186.00 to $194.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. UBS Group increased their target price on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Piper Sandler raised their price target on Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Bank of America raised their price objective on shares of Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Assurant presently has an average rating of “Hold” and a consensus target price of $217.00.

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.