Assurant, Inc. (NYSE:AIZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Assurant, Inc. (NYSE:AIZ) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $234.17.

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Truist Financial lifted their target price on shares of Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods decreased their target price on Assurant from $230.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Piper Sandler raised Assurant from a “neutral” rating to an “overweight” rating and set a $223.00 price target on the stock in a research report on Thursday.

Assurant Stock Down 0.5 %

Shares of NYSE AIZ opened at $189.45 on Friday. Assurant has a 12-month low of $160.12 and a 12-month high of $230.55. The stock’s fifty day simple moving average is $204.42 and its two-hundred day simple moving average is $207.13. The stock has a market capitalization of $9.62 billion, a PE ratio of 13.09 and a beta of 0.53. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share for the quarter, beating 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%. As a group, analysts expect that Assurant will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, February 3rd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Monday, February 3rd. Assurant’s dividend payout ratio is presently 22.11%.

Insider Transactions at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares of the company’s stock, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On Assurant

Hedge funds and other institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Assurant during the fourth quarter worth $28,000. Smartleaf Asset Management LLC grew its stake in 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 buying an additional 75 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 103 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Assurant by 503.1% during the fourth quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider’s stock worth $41,000 after buying an additional 161 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in shares of Assurant during the fourth quarter worth approximately $44,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.