23,585 Shares in Assurant, Inc. (NYSE:AIZ) Bought by OLD Mission Capital LLC

OLD Mission Capital LLC purchased a new stake in Assurant, Inc. (NYSE:AIZ) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 23,585 shares of the financial services provider’s stock, valued at approximately $5,029,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Assurant during the 3rd quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Assurant in the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its stake in Assurant by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Assurant by 219.1% during the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Assurant by 503.1% in the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider’s stock worth $41,000 after buying an additional 161 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AIZ has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised shares of Assurant from a “market perform” rating to an “outperform” rating and increased their price target for the company from $212.00 to $230.00 in a report on Thursday, February 20th. Truist Financial upped their price objective on Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley began coverage on Assurant in a report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.17.

Insider Transactions at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the sale, the executive vice president now owns 17,708 shares in the company, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

Assurant Stock Up 1.8 %

Shares of NYSE AIZ opened at $209.96 on Tuesday. Assurant, Inc. has a 1 year low of $160.12 and a 1 year high of $230.55. The firm has a 50-day simple moving average of $208.90 and a two-hundred day simple moving average of $207.48. The company has a market cap of $10.66 billion, a P/E ratio of 14.51 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. Research analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current year.

Assurant Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, February 3rd were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, February 3rd. Assurant’s dividend payout ratio is currently 22.11%.

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.