Assurant, Inc. (NYSE:AIZ) Shares Sold by GoalFusion Wealth Management LLC

GoalFusion Wealth Management LLC trimmed its position in Assurant, Inc. (NYSE:AIZ) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,374 shares of the financial services provider’s stock after selling 225 shares during the period. Assurant accounts for approximately 0.3% of GoalFusion Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. GoalFusion Wealth Management LLC’s holdings in Assurant were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIZ. FMR LLC raised its stake in shares of Assurant by 6.0% in the third quarter. FMR LLC now owns 1,163,593 shares of the financial services provider’s stock worth $231,392,000 after purchasing an additional 65,874 shares during the last quarter. AQR Capital Management LLC increased its holdings in Assurant by 32.5% in the 2nd 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 period. Dimensional Fund Advisors LP increased its holdings in Assurant by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 698,677 shares of the financial services provider’s stock worth $116,159,000 after buying an additional 12,935 shares during the period. Mizuho Securities USA LLC raised its position in Assurant by 11,480.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 464,952 shares of the financial services provider’s stock worth $92,460,000 after buying an additional 460,937 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Assurant during the 3rd quarter valued at approximately $48,430,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Insiders Place Their Bets

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $209.18, for a total value of $627,540.00. Following the completion of the transaction, the executive vice president now owns 20,658 shares in the company, valued at $4,321,240.44. The trade was a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AIZ. Bank of America upped their price target on shares of Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Piper Sandler upped their price target on shares of Assurant from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. UBS Group lifted their price objective on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Morgan Stanley began coverage on Assurant in a report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 target price for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $229.50.

Assurant Price Performance

AIZ stock opened at $211.39 on Friday. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 15.08 and a beta of 0.62. The business has a fifty day moving average of $215.81 and a two-hundred day moving average of $196.59.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.48. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Assurant had a return on equity of 17.42% and a net margin of 6.31%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $4.29 EPS. As a group, research analysts anticipate that Assurant, Inc. will post 15.38 earnings per share for the current year.

Assurant Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, February 3rd. Assurant’s dividend payout ratio is currently 22.82%.

Assurant Company Profile

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.