Czech National Bank Has $2.10 Million Stock Position in Assurant, Inc. (NYSE:AIZ)

Czech National Bank grew its position in Assurant, Inc. (NYSE:AIZ) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,550 shares of the financial services provider’s stock after purchasing an additional 644 shares during the period. Czech National Bank’s holdings in Assurant were worth $2,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Assurant by 32.5% in the second quarter. AQR Capital Management LLC now owns 1,041,678 shares of the financial services provider’s stock worth $173,179,000 after buying an additional 255,471 shares during the last quarter. Northern Trust Corp increased its stake in shares of Assurant by 23.4% during the 4th quarter. Northern Trust Corp now owns 737,099 shares of the financial services provider’s stock worth $124,194,000 after purchasing an additional 139,680 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Assurant by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 698,677 shares of the financial services provider’s stock valued at $116,159,000 after purchasing an additional 12,935 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Assurant by 20.4% in the 2nd quarter. TD Asset Management Inc now owns 566,123 shares of the financial services provider’s stock valued at $94,118,000 after purchasing an additional 96,021 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Assurant by 0.7% in the second quarter. Federated Hermes Inc. now owns 383,549 shares of the financial services provider’s stock worth $63,765,000 after purchasing an additional 2,700 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Assurant Price Performance

Shares of NYSE:AIZ opened at $186.60 on Tuesday. The business has a 50 day moving average price of $189.51 and a 200 day moving average price of $178.71. Assurant, Inc. has a twelve month low of $144.61 and a twelve month high of $201.55. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.68 and a beta of 0.57. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.42.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.50. Assurant had a return on equity of 19.63% and a net margin of 6.90%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the company earned $3.89 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts predict that Assurant, Inc. will post 16.54 earnings per share for the current year.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.88 annualized dividend and a yield of 1.54%. Assurant’s payout ratio is 20.10%.

Wall Street Analysts Forecast Growth

AIZ has been the topic of several recent research reports. UBS Group raised their target price on Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods upped their price target on Assurant from $186.00 to $194.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Bank of America decreased their price target on Assurant from $223.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Piper Sandler upped their price target on Assurant from $200.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com downgraded Assurant from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.40.

Insider Activity at Assurant

In related news, EVP Martin Jenns sold 1,500 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total transaction of $267,195.00. Following the completion of the sale, the executive vice president now owns 4,027 shares in the company, valued at $717,329.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Assurant news, EVP Martin Jenns sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the completion of the transaction, the executive vice president now owns 4,027 shares of the company’s stock, valued at $717,329.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Dimitry Dirienzo sold 550 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $188.44, for a total value of $103,642.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,152 shares of the company’s stock, valued at approximately $593,962.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

About Assurant

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.