Globeflex Capital L P Buys Shares of 25,435 Assurant, Inc. $AIZ

Globeflex Capital L P purchased a new position in Assurant, Inc. (NYSE:AIZ) in the second quarter, HoldingsChannel reports. The firm purchased 25,435 shares of the financial services provider’s stock, valued at approximately $6,830,000. Assurant comprises 0.9% of Globeflex Capital L P’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in AIZ. Jones Financial Companies Lllp increased its stake in shares of Assurant by 606.7% during the first quarter. Jones Financial Companies Lllp now owns 1,060 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 910 shares during the period. Goldman Sachs Group Inc. lifted its position in Assurant by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 290,759 shares of the financial services provider’s stock worth $60,987,000 after purchasing an additional 47,548 shares during the period. United Services Automobile Association acquired a new stake in Assurant in the first quarter worth approximately $203,000. Focus Partners Wealth boosted its stake in Assurant by 66.6% during the 1st quarter. Focus Partners Wealth now owns 2,648 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Assurant by 57.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 67 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Assurant News Roundup

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks upgraded Assurant to a “Buy” rating. The upgrade to Zacks Rank #2 reflects improving earnings-estimate trends and could support continued investor interest in AIZ. Assurant Upgraded to Buy: What Does It Mean for the Stock?
• Positive Sentiment: Several longer-term earnings forecasts were raised. Zacks lifted its FY2026 EPS estimate to $21.70 from $20.92, FY2027 to $23.00 from $22.46, and FY2028 to $24.74 from $24.44. The Q1 2027 forecast also increased substantially to $5.59 from $4.97. These revisions imply stronger projected profitability and exceed or broadly align with the current full-year consensus. Zacks Research Brokers Raise Earnings Estimates for Assurant
• Positive Sentiment: Assurant’s latest reported quarter provides supportive fundamental context: EPS of $6.41 exceeded the $5.17 consensus estimate, while revenue increased 9.4% year over year to $3.45 billion. The earnings beat likely reinforces confidence behind the estimate upgrades.
• Neutral Sentiment: A separate Zacks analysis highlighted Assurant as a potential value investment based on earnings revisions, value, growth and momentum factors. With a reported P/E ratio of about 13.6, valuation may remain attractive, although the article did not provide a specific new price target. Should Value Investors Buy Assurant Stock?
• Negative Sentiment: Near-term estimates were mixed. Zacks lowered Q3 2026 EPS to $4.36 from $4.39 and Q4 2026 to $4.98 from $5.43, while cutting Q4 2027 to $5.65 from $5.76. These reductions could limit upside if upcoming results fall short of expectations.

Insider Buying and Selling

In other Assurant news, EVP Robert Lonergan sold 7,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $262.71, for a total transaction of $1,838,970.00. Following the completion of the sale, the executive vice president directly owned 27,374 shares of the company’s stock, valued at approximately $7,191,423.54. This represents a 20.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Dimitry Dirienzo sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $255.68, for a total transaction of $511,360.00. Following the completion of the transaction, the chief accounting officer owned 2,741 shares of the company’s stock, valued at approximately $700,818.88. The trade was a 42.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,931 shares of company stock valued at $3,539,300. 0.54% of the stock is owned by corporate insiders.

Assurant Price Performance

Shares of NYSE:AIZ opened at $284.14 on Monday. The company has a market capitalization of $14.01 billion, a PE ratio of 13.57 and a beta of 0.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a fifty day moving average of $276.34 and a 200-day moving average of $247.77. Assurant, Inc. has a one year low of $205.01 and a one year high of $303.94.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $1.24. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%.Assurant’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.56 earnings per share. As a group, equities analysts anticipate that Assurant, Inc. will post 22.05 EPS for the current fiscal year.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, August 31st will be paid a $0.88 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. Assurant’s dividend payout ratio (DPR) is currently 16.81%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings raised Assurant from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods raised their target price on Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. 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. Truist Financial lifted their target price on Assurant from $310.00 to $355.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group boosted their price target on shares of Assurant from $274.00 to $331.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $316.57.

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.