ORG Wealth Partners LLC Has $119,000 Holdings in Assurant, Inc. (NYSE:AIZ)

ORG Wealth Partners LLC cut its stake in shares of Assurant, Inc. (NYSE:AIZ) by 10.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 558 shares of the financial services provider’s stock after selling 63 shares during the quarter. ORG Wealth Partners LLC’s holdings in Assurant were worth $119,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. True Wealth Design LLC bought a new stake in shares of Assurant in the third quarter worth $25,000. Richardson Financial Services Inc. increased its holdings in Assurant by 62.1% in the second quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 77 shares during the period. Huntington National Bank increased its holdings in Assurant by 509.4% in the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 163 shares during the period. Brooklyn Investment Group acquired a new stake in Assurant in the third quarter valued at $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in Assurant in the third quarter valued at $56,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Biju Nair sold 3,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $209.18, for a total value of $627,540.00. Following the transaction, the executive vice president now directly owns 20,658 shares in the company, valued at $4,321,240.44. This trade represents a 12.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by company insiders.

Assurant Price Performance

Assurant stock opened at $198.95 on Friday. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 14.19 and a beta of 0.62. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55. The stock’s 50 day moving average price is $215.20 and its two-hundred day moving average price is $195.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 0.42.

Assurant (NYSE:AIZ) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $2.94 billion. Assurant had a return on equity of 17.42% and a net margin of 6.31%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.29 EPS. On average, equities analysts predict that Assurant, Inc. will post 15.38 earnings per share for the current year.

Assurant Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.80 dividend. This is a boost from Assurant’s previous quarterly dividend of $0.72. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, December 9th. Assurant’s dividend payout ratio (DPR) is currently 22.82%.

Analyst Upgrades and Downgrades

AIZ has been the topic of several analyst reports. Bank of America upped their target price on Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial upped their target price on Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Piper Sandler upped their target price on Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley initiated coverage on Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $229.50.

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.