Assurant, Inc. (NYSE:AIZ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Assurant, Inc. (NYSE:AIZ) have been given an average recommendation of “Moderate Buy” by the four analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $192.20.

A number of research analysts have recently weighed in on AIZ shares. UBS Group lifted their price objective on Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods cut Assurant from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $170.00 to $182.00 in a research report on Monday, February 12th. Finally, Piper Sandler lifted their price objective on Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, April 5th.

Assurant Trading Down 0.9 %

Assurant stock opened at $172.59 on Tuesday. The business has a 50-day simple moving average of $178.71 and a two-hundred day simple moving average of $167.50. The company has a market cap of $8.97 billion, a P/E ratio of 14.41, a P/E/G ratio of 2.21 and a beta of 0.50. Assurant has a 52-week low of $115.41 and a 52-week high of $189.48. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. Assurant had a return on equity of 18.36% and a net margin of 5.77%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Analysts predict that Assurant will post 15.67 EPS for the current year.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, February 5th were issued a dividend of $0.72 per share. The ex-dividend date was Friday, February 2nd. This represents a $2.88 annualized dividend and a dividend yield of 1.67%. Assurant’s dividend payout ratio (DPR) is 24.04%.

Hedge Funds Weigh In On Assurant

Large investors have recently modified their holdings of the stock. BKM Wealth Management LLC bought a new position in shares of Assurant during the 4th quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its position in shares of Assurant by 353.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 177 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Assurant by 104.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. West Tower Group LLC bought a new position in shares of Assurant during the 4th quarter valued at approximately $37,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Assurant during the 4th quarter valued at approximately $40,000. Institutional investors own 92.65% of the company’s stock.

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.