Assurant, Inc. $AIZ Shares Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its holdings in Assurant, Inc. (NYSE:AIZ) by 81.0% in the 2nd quarter, Holdings Channel reports. The firm owned 44,688 shares of the financial services provider’s stock after purchasing an additional 19,996 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Assurant were worth $12,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. First Bancorp Inc ME purchased a new stake in shares of Assurant in the second quarter valued at about $31,000. Montag A & Associates Inc. purchased a new position in shares of Assurant during the fourth quarter worth about $28,000. Arlington Trust Co LLC grew its holdings in shares of Assurant by 81.4% during the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock worth $34,000 after buying an additional 57 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Assurant in the 2nd quarter valued at about $27,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Assurant in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group increased their price objective on Assurant from $274.00 to $331.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. BMO Capital Markets boosted their target price on Assurant from $274.00 to $320.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley upped their price target on Assurant from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Truist Financial increased their price target on Assurant from $310.00 to $355.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada set a $310.00 price objective on shares of Assurant in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $327.14.

Assurant Stock Performance

Shares of AIZ stock opened at $285.69 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $278.92 and a 200-day simple moving average of $249.38. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 13.64 and a beta of 0.55. Assurant, Inc. has a 12-month low of $205.01 and a 12-month high of $303.94.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $1.24. Assurant had a return on equity of 20.40% and a net margin of 7.90%.The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the business earned $5.56 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Assurant, Inc. will post 22.05 EPS for the current year.

Assurant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, August 31st will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. Assurant’s dividend payout ratio (DPR) is 16.81%.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Nair Biju sold 3,931 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the sale, the executive vice president directly owned 24,247 shares in the company, valued at approximately $7,333,747.62. The trade was a 13.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Lonergan sold 7,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $262.71, for a total transaction of $1,838,970.00. Following the transaction, the executive vice president directly owned 27,374 shares in the company, valued at approximately $7,191,423.54. This trade represents a 20.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.54% of the stock is currently owned by insiders.

Assurant Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.