Royal Bank of Canada Has $17.37 Million Holdings in Assurant, Inc. $AIZ

Royal Bank of Canada increased its holdings in Assurant, Inc. (NYSE:AIZ) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,737 shares of the financial services provider’s stock after purchasing an additional 11,712 shares during the quarter. Royal Bank of Canada owned approximately 0.16% of Assurant worth $17,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AIZ. Quantinno Capital Management LP raised its position in Assurant by 83.7% during the 1st quarter. Quantinno Capital Management LP now owns 74,826 shares of the financial services provider’s stock worth $16,298,000 after purchasing an additional 34,103 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Assurant by 130.6% in the 1st quarter. Lazard Asset Management LLC now owns 43,809 shares of the financial services provider’s stock valued at $9,542,000 after buying an additional 24,815 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Assurant in the first quarter valued at about $251,000. Waverly Advisors LLC bought a new position in shares of Assurant during the first quarter worth about $340,000. Finally, Compound Planning Inc. lifted its stake in shares of Assurant by 6.9% in the first quarter. Compound Planning Inc. now owns 1,733 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 112 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Assurant

In other news, EVP Keith Meier sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $254.31, for a total transaction of $6,357,750.00. Following the transaction, the executive vice president directly owned 18,552 shares of the company’s stock, valued at $4,717,959.12. This represents a 57.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Dimitry Dirienzo sold 2,000 shares of Assurant stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $255.68, for a total transaction of $511,360.00. Following the completion of the sale, the chief accounting officer directly owned 2,741 shares of the company’s stock, valued at approximately $700,818.88. The trade was a 42.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 36,000 shares of company stock valued at $9,211,620 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Assurant Price Performance

Assurant stock opened at $296.01 on Friday. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 14.14 and a beta of 0.55. Assurant, Inc. has a 52-week low of $200.62 and a 52-week high of $303.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.39 and a current ratio of 0.67. The stock’s 50 day moving average price is $269.87 and its two-hundred day moving average price is $244.19.

Assurant (NYSE:AIZ) last released its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.17 by $1.24. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. Assurant had a net margin of 7.90% and a return on equity of 20.40%. Assurant’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.56 EPS. On average, equities analysts predict that Assurant, Inc. will post 21.04 earnings per share for the current year.

Assurant Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 8th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 8th. Assurant’s dividend payout ratio is 16.81%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AIZ shares. Truist Financial upped their target price on Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Assurant from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Piper Sandler upped their price objective on shares of Assurant from $290.00 to $329.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank Of Canada set a $310.00 price objective on shares of Assurant in a research report on Wednesday, June 17th. Finally, Morgan Stanley lifted their target price on shares of Assurant from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $303.43.

Key Stories Impacting Assurant

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Assurant posted adjusted earnings of $6.41 per share, exceeding the $5.17 analyst consensus, while revenue increased 9.4% year over year to $3.45 billion and slightly surpassed expectations. Strength in the Global Lifestyle and Global Housing businesses drove the performance. AIZ Q2 Earnings Beat Estimates on Lifestyle and Housing Strength
• Positive Sentiment: Management reaffirmed expectations for mid-single-digit 2026 adjusted EBITDA and EPS growth and indicated that share repurchases could reach the upper end of its $300 million to $350 million target range. Buybacks could support earnings per share and provide a potential cushion for the stock. Assurant signals mid-single-digit 2026 adjusted EBITDA and EPS growth
• Positive Sentiment: The earnings presentation and call highlighted continued operating momentum, with quarterly EPS rising from $5.56 a year earlier. The results reinforce the outlook for approximately $21.04 in full-year EPS. Assurant, Inc. 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Analyst estimate changes were limited and mixed: Zacks Research trimmed its Q1 2027 and FY2027 EPS forecasts modestly, while raising its Q2 2028 estimate. The revisions do not materially change the longer-term earnings outlook. Equities Analysts Offer Predictions for Assurant Q1 Earnings
• Negative Sentiment: Near-term trading appears pressured by valuation and profit-taking: shares remain close to their 12-month high after a strong run, while investors may have already anticipated the earnings beat and improved outlook. Why Assurant Stock Is Trading Up Today

Assurant Profile

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.