Assurant, Inc. $AIZ Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 34.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,894 shares of the financial services provider’s stock after selling 9,567 shares during the quarter. Natixis Advisors LLC’s holdings in Assurant were worth $4,310,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Ascent Group LLC boosted its stake in shares of Assurant by 0.8% during the fourth quarter. Ascent Group LLC now owns 5,339 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 43 shares during the period. ProShare Advisors LLC boosted its stake in shares of Assurant by 0.3% during the fourth quarter. ProShare Advisors LLC now owns 17,064 shares of the financial services provider’s stock worth $4,110,000 after buying an additional 47 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of Assurant by 0.3% during the third quarter. Illinois Municipal Retirement Fund now owns 15,917 shares of the financial services provider’s stock worth $3,448,000 after buying an additional 48 shares during the period. Cresset Asset Management LLC boosted its stake in shares of Assurant by 5.4% during the second quarter. Cresset Asset Management LLC now owns 1,075 shares of the financial services provider’s stock worth $212,000 after buying an additional 55 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Assurant by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 2,217 shares of the financial services provider’s stock worth $534,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Activity at Assurant

In other Assurant news, EVP Keith Meier sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $254.31, for a total value of $6,357,750.00. Following the completion of the transaction, the executive vice president directly owned 18,552 shares of the company’s stock, valued at approximately $4,717,959.12. This trade represents a 57.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jay Rosenblum sold 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $251.77, for a total transaction of $503,540.00. Following the completion of the transaction, the executive vice president directly owned 12,764 shares of the company’s stock, valued at approximately $3,213,592.28. This trade represents a 13.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 31,650 shares of company stock valued at $7,930,981. 0.54% of the stock is currently owned by corporate insiders.

Assurant Price Performance

Shares of NYSE:AIZ opened at $252.05 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.38. The company has a market cap of $12.49 billion, a P/E ratio of 12.89 and a beta of 0.56. Assurant, Inc. has a 52 week low of $183.39 and a 52 week high of $260.96. The company has a 50-day moving average price of $236.77 and a 200 day moving average price of $232.11.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.66. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.29 billion. Assurant had a net margin of 7.60% and a return on equity of 20.32%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $5.79 earnings per share. Research analysts predict that Assurant, Inc. will post 21.04 earnings per share for the current year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 8th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. Assurant’s dividend payout ratio (DPR) is 18.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of Assurant from $255.00 to $246.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Piper Sandler increased their target price on shares of Assurant from $268.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. UBS Group increased their target price on shares of Assurant from $270.00 to $274.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Truist Financial raised their price objective on shares of Assurant from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and one has 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 target price of $275.83.

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.