Portfolio Design Labs LLC Invests $1.19 Million in Assurant, Inc. $AIZ

Portfolio Design Labs LLC bought a new stake in shares of Assurant, Inc. (NYSE:AIZ) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,423 shares of the financial services provider’s stock, valued at approximately $1,188,000.

Other large investors have also recently made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in Assurant during the second quarter worth $2,396,000. Csenge Advisory Group purchased a new position in Assurant in the second quarter valued at $249,000. Danske Bank A S acquired a new position in shares of Assurant in the second quarter worth about $4,941,000. Diversify Advisory Services LLC acquired a new position in shares of Assurant in the second quarter worth about $384,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Assurant during the 2nd quarter worth about $463,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Assurant Price Performance

Assurant stock opened at $282.04 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $275.87 and a 200 day moving average price of $247.46. Assurant, Inc. has a 12-month low of $205.01 and a 12-month high of $303.94. The stock has a market cap of $13.91 billion, a P/E ratio of 13.47 and a beta of 0.55.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, beating the consensus estimate of $5.17 by $1.24. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the business posted $5.56 EPS. Assurant’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that Assurant, Inc. will post 21.74 earnings per share for the current year.

Assurant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.88 per share. The ex-dividend date is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.2%. Assurant’s dividend payout ratio is currently 16.81%.

Key Assurant News

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks upgraded Assurant (AIZ) to Rank #2, or “Buy,” citing improving earnings prospects. The upgrade may attract additional buying interest and provide near-term support for the stock. Assurant upgraded to Buy
• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $21.70 from $20.92, FY2027 EPS to $23.00 from $22.46, and FY2028 EPS to $24.74 from $24.44. It also increased estimates for select future quarters, signaling better-than-previously-expected earnings momentum.
• Neutral Sentiment: A Zacks value-investing analysis highlights the firm’s valuation, growth, momentum and earnings-estimate trends, but does not provide a new price target or a specific catalyst beyond the broader Zacks Rank methodology. Should value investors buy Assurant stock
• Negative Sentiment: Some quarterly forecasts were reduced, including Q3 2026 EPS to $4.36 from $4.39, Q4 2026 EPS to $4.98 from $5.43, and Q4 2027 EPS to $5.65 from $5.76. These cuts could temper enthusiasm, although they are offset by the higher full-year and longer-term estimates.

Insider Buying and Selling

In other news, EVP Robert Lonergan sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $262.71, for a total value of $1,838,970.00. Following the sale, the executive vice president directly owned 27,374 shares of the company’s stock, valued at approximately $7,191,423.54. The trade was a 20.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Dimitry Dirienzo sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $255.68, for a total transaction of $511,360.00. Following the completion of the transaction, the chief accounting officer owned 2,741 shares in the company, valued at approximately $700,818.88. This represents a 42.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 12,931 shares of company stock valued at $3,539,300. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Assurant from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley boosted their price objective on Assurant from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada set a $310.00 price objective on shares of Assurant in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods increased their target price on Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Piper Sandler raised their target price on Assurant from $290.00 to $329.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $316.57.

Assurant Company Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.