Assurant, Inc. $AIZ Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Assurant, Inc. (NYSE:AIZ) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 159,271 shares of the financial services provider’s stock after selling 23,615 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Assurant were worth $34,498,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. CYBER HORNET ETFs LLC purchased a new stake in shares of Assurant in the second quarter valued at $27,000. REAP Financial Group LLC boosted its stake in Assurant by 193.9% in the 2nd quarter. REAP Financial Group LLC now owns 144 shares of the financial services provider’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in Assurant by 1,133.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 148 shares of the financial services provider’s stock valued at $29,000 after buying an additional 136 shares during the period. Geneos Wealth Management Inc. grew its holdings in Assurant by 57.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider’s stock valued at $38,000 after buying an additional 67 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Assurant by 135.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 231 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Assurant Price Performance

AIZ stock opened at $236.55 on Thursday. The firm has a market cap of $11.85 billion, a P/E ratio of 14.40 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 0.40. Assurant, Inc. has a 1 year low of $174.97 and a 1 year high of $243.76. The stock has a 50-day simple moving average of $229.14 and a 200-day simple moving average of $213.52.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Thursday, March 24th. The financial services provider reported $1.80 earnings per share for the quarter. The firm had revenue of $2.42 billion during the quarter. Assurant had a return on equity of 18.61% and a net margin of 6.75%.Assurant has set its FY 2022 guidance at $13.062-$13.512 EPS. On average, equities analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 1st were paid a dividend of $0.88 per share. This is a positive change from Assurant’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.52 annualized dividend and a yield of 1.5%. Assurant’s payout ratio is presently 21.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AIZ shares. Piper Sandler raised their target price on shares of Assurant from $252.00 to $264.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Keefe, Bruyette & Woods increased their price target on shares of Assurant from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Assurant in a research note on Monday, December 29th. UBS Group upped their price objective on Assurant from $255.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Truist Financial set a $255.00 target price on Assurant in a report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.67.

About Assurant

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.