Assurant, Inc. (NYSE:AIZ) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its position in Assurant, Inc. (NYSE:AIZ) by 22.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 460 shares of the financial services provider’s stock after selling 134 shares during the period. Mather Group LLC.’s holdings in Assurant were worth $91,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AIZ. Quarry LP acquired a new position in Assurant in the 4th quarter worth approximately $51,000. Goldman Sachs Group Inc. increased its stake in shares of Assurant by 8.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 255,736 shares of the financial services provider’s stock worth $43,089,000 after acquiring an additional 19,839 shares during the period. Quadrature Capital Ltd raised its holdings in shares of Assurant by 80.6% during the fourth quarter. Quadrature Capital Ltd now owns 31,225 shares of the financial services provider’s stock worth $5,262,000 after purchasing an additional 13,932 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Assurant by 3.0% during the first quarter. Los Angeles Capital Management LLC now owns 249,152 shares of the financial services provider’s stock valued at $46,900,000 after purchasing an additional 7,150 shares during the period. Finally, Alaska Permanent Fund Corp boosted its holdings in Assurant by 14.8% in the first quarter. Alaska Permanent Fund Corp now owns 20,846 shares of the financial services provider’s stock valued at $3,924,000 after purchasing an additional 2,687 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AIZ shares. Bank of America boosted their price objective on Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. UBS Group raised their price objective on shares of Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Piper Sandler boosted their target price on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Assurant from a “hold” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.60.

Assurant Trading Up 0.8 %

Shares of AIZ stock opened at $191.89 on Friday. The stock has a 50 day simple moving average of $190.78 and a 200-day simple moving average of $179.02. Assurant, Inc. has a 1-year low of $144.61 and a 1-year high of $201.55. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.61 and a beta of 0.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.40.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.50. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $3.89 earnings per share. On average, equities research analysts expect that Assurant, Inc. will post 16.54 EPS for the current fiscal year.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.88 annualized dividend and a yield of 1.50%. Assurant’s dividend payout ratio (DPR) is currently 20.10%.

Insider Buying and Selling at Assurant

In other news, EVP Martin Jenns sold 1,500 shares of Assurant 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 sale, the executive vice president now directly owns 4,027 shares of the company’s stock, valued at $717,329.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Dimitry Dirienzo sold 550 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $188.44, for a total transaction of $103,642.00. Following the completion of the sale, the chief accounting officer now owns 3,152 shares of the company’s stock, valued at $593,962.88. This represents a 0.00 % 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, EVP Martin Jenns sold 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 4,027 shares in the company, valued at approximately $717,329.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

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.