Assurant, Inc. $AIZ Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC raised its stake in Assurant, Inc. (NYSE:AIZ) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 107,044 shares of the financial services provider’s stock after buying an additional 1,759 shares during the quarter. Calamos Advisors LLC owned approximately 0.22% of Assurant worth $28,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Assurant in the second quarter valued at $1,345,211,000. Bank of New York Mellon Corp acquired a new stake in Assurant during the second quarter valued at approximately $1,269,591,000. Bank of America Corp DE acquired a new stake in Assurant during the second quarter valued at approximately $269,635,000. Dimensional Fund Advisors LP boosted its holdings in Assurant by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,125,406 shares of the financial services provider’s stock worth $245,121,000 after buying an additional 205,767 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Assurant by 9.2% during the first quarter. First Trust Advisors LP now owns 632,896 shares of the financial services provider’s stock worth $137,851,000 after buying an additional 53,470 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Stock Down 0.0%

AIZ stock traded down $0.10 during trading hours on Friday, hitting $306.77. The company’s stock had a trading volume of 468,250 shares, compared to its average volume of 349,747. The stock has a 50 day moving average price of $280.40 and a two-hundred day moving average price of $256.27. Assurant, Inc. has a 12 month low of $209.86 and a 12 month high of $316.72. The company has a market capitalization of $15.13 billion, a PE ratio of 14.43 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.75 by $1.40. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.48 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.73 EPS. On average, equities research analysts expect that Assurant, Inc. will post 22.40 earnings per share for the current year.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, August 31st. Assurant’s dividend payout ratio (DPR) is 16.56%.

Analyst Upgrades and Downgrades

AIZ has been the topic of several research reports. Weiss Ratings raised Assurant from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Piper Sandler lifted their target price on Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Wall Street Zen raised Assurant from a “hold” rating to a “buy” rating in a research report on Saturday. Keefe, Bruyette & Woods upped their target price on Assurant from $325.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday. Finally, UBS Group increased their price target on Assurant from $274.00 to $331.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $327.14.

Assurant Profile

Assurant, Inc (NYSE:AIZ) is a global business services company that provides insurance products and related services. Its offerings are designed to help consumers protect mobile devices, household belongings, vehicles, homes and other significant purchases, while supporting businesses in managing risk and customer relationships.

Assurant operates through three primary business segments: Global Lifestyle, Global Housing and Global Preneed. Global Lifestyle provides mobile device protection, extended service contracts and related services for consumer electronics, appliances and vehicles.