Assurant, Inc. (NYSE:AIZ) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB trimmed its position in shares of Assurant, Inc. (NYSE:AIZ) by 81.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224 shares of the financial services provider’s stock after selling 1,003 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Assurant were worth $48,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of Assurant during the third quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Assurant in the 4th quarter valued at approximately $28,000. Huntington National Bank raised its stake in Assurant by 509.4% during the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 163 shares in the last quarter. Brooklyn Investment Group acquired a new position in Assurant during the 3rd quarter worth $42,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Assurant in the third quarter worth $56,000. Institutional investors own 92.65% of the company’s stock.

Assurant Stock Performance

Shares of AIZ opened at $208.11 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42. The firm’s 50 day moving average is $212.49 and its 200-day moving average is $202.47. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The stock has a market capitalization of $10.67 billion, a P/E ratio of 14.84 and a beta of 0.62.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.31% and a return on equity of 17.42%. Equities research analysts anticipate that Assurant, Inc. will post 15.82 EPS for the current fiscal year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, February 3rd will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s dividend payout ratio (DPR) is presently 22.11%.

Analyst Upgrades and Downgrades

AIZ has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley initiated coverage on shares of Assurant in a research report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Finally, StockNews.com lowered shares of Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Assurant has a consensus rating of “Hold” and an average target price of $231.17.

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.