Assurant, Inc. (NYSE:AIZ) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its position in Assurant, Inc. (NYSE:AIZ) by 503.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193 shares of the financial services provider’s stock after acquiring an additional 161 shares during the period. TD Private Client Wealth LLC’s holdings in Assurant were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC acquired a new position in Assurant during the third quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Assurant during the 4th quarter worth $28,000. Smartleaf Asset Management LLC grew its stake in shares of Assurant by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 75 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Assurant by 219.1% in the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Assurant in the third quarter valued at about $42,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AIZ. StockNews.com lowered shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley assumed coverage on Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 price target on the stock. Truist Financial lifted their price objective on Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised 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 report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.17.

Assurant Trading Up 0.7 %

Shares of Assurant stock opened at $212.29 on Thursday. The business has a 50 day moving average price of $209.03 and a 200 day moving average price of $206.99. The company has a market capitalization of $10.78 billion, a P/E ratio of 14.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. Assurant, Inc. has a 1 year low of $160.12 and a 1 year high of $230.55.

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

Assurant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.20 annualized dividend and a dividend yield of 1.51%. Assurant’s dividend payout ratio is currently 22.11%.

Insider Transactions at Assurant

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

About Assurant

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.