8,036 Shares in Assurant, Inc. (NYSE:AIZ) Bought by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new position in Assurant, Inc. (NYSE:AIZ) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 8,036 shares of the financial services provider’s stock, valued at approximately $1,513,000.

Other hedge funds have also recently modified their holdings of the company. Leuthold Group LLC purchased a new position in shares of Assurant in the first quarter valued at about $3,730,000. QRG Capital Management Inc. increased its position in shares of Assurant by 210.7% in the first quarter. QRG Capital Management Inc. now owns 8,705 shares of the financial services provider’s stock valued at $1,639,000 after acquiring an additional 5,903 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Assurant during the first quarter valued at about $1,213,000. Naples Money Management LLC purchased a new position in shares of Assurant during the fourth quarter valued at about $1,988,000. Finally, Truist Financial Corp increased its position in shares of Assurant by 305.5% during the fourth quarter. Truist Financial Corp now owns 8,066 shares of the financial services provider’s stock valued at $1,359,000 after buying an additional 6,077 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AIZ. Bank of America reduced their price target on shares of Assurant from $223.00 to $222.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Keefe, Bruyette & Woods boosted their price target on shares of Assurant from $182.00 to $186.00 and gave the company a “market perform” rating in a research report on Wednesday, May 15th. Finally, Piper Sandler reiterated an “overweight” rating and set a $205.00 price target on shares of Assurant in a research report on Friday, June 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $204.60.

Insider Transactions at Assurant

In other news, EVP Michael P. Campbell sold 1,304 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $173.35, for a total value of $226,048.40. Following the transaction, the executive vice president now owns 24,586 shares in the company, valued at $4,261,983.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Michael P. Campbell sold 1,304 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $173.35, for a total value of $226,048.40. Following the transaction, the executive vice president now owns 24,586 shares in the company, valued at $4,261,983.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Dimitry Dirienzo sold 2,084 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $175.29, for a total transaction of $365,304.36. Following the completion of the transaction, the chief accounting officer now owns 3,702 shares in the company, valued at approximately $648,923.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,788 shares of company stock worth $2,248,489. Corporate insiders own 0.53% of the company’s stock.

Assurant Stock Down 0.5 %

NYSE:AIZ traded down $0.95 during mid-day trading on Wednesday, hitting $174.89. 262,285 shares of the company’s stock were exchanged, compared to its average volume of 348,834. Assurant, Inc. has a one year low of $133.13 and a one year high of $189.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.39 and a quick ratio of 0.39. The business has a fifty day moving average price of $168.97 and a 200 day moving average price of $173.39. The company has a market cap of $9.09 billion, a PE ratio of 12.20, a P/E/G ratio of 1.71 and a beta of 0.54.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $4.78 EPS for the quarter, topping the consensus estimate of $3.87 by $0.91. Assurant had a net margin of 6.73% and a return on equity of 20.08%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. Equities analysts predict that Assurant, Inc. will post 16.07 EPS for the current year.

Assurant Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were paid a $0.72 dividend. The ex-dividend date was Monday, June 10th. This represents a $2.88 annualized dividend and a dividend yield of 1.65%. Assurant’s dividend payout ratio is presently 20.10%.

Assurant 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.