Assurant, Inc. $AIZ Shares Bought by Capital Fund Management S.A.

Capital Fund Management S.A. increased its holdings in Assurant, Inc. (NYSE:AIZ) by 42.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 62,099 shares of the financial services provider’s stock after acquiring an additional 18,603 shares during the period. Capital Fund Management S.A.’s holdings in Assurant were worth $13,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Assurant by 72.6% in the 3rd quarter. Versant Capital Management Inc now owns 126 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 53 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Assurant during the 2nd quarter worth about $27,000. Smartleaf Asset Management LLC raised its holdings in Assurant by 65.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 149 shares of the financial services provider’s stock valued at $32,000 after buying an additional 59 shares during the period. Root Financial Partners LLC acquired a new position in Assurant in the third quarter valued at about $34,000. Finally, UMB Bank n.a. lifted its position in Assurant by 360.0% in the third quarter. UMB Bank n.a. now owns 161 shares of the financial services provider’s stock valued at $35,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

AIZ has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of Assurant from $252.00 to $264.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Morgan Stanley boosted their target price on Assurant from $232.00 to $248.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Keefe, Bruyette & Woods raised their price target on Assurant from $248.00 to $254.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Truist Financial lifted their price objective on Assurant from $265.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Assurant in a report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.17.

Assurant Stock Performance

Shares of Assurant stock opened at $215.28 on Friday. The business has a 50-day simple moving average of $230.94 and a 200-day simple moving average of $224.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 0.39. Assurant, Inc. has a one year low of $174.97 and a one year high of $246.31. The company has a market cap of $10.70 billion, a PE ratio of 12.69 and a beta of 0.58.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $5.61 EPS for the quarter, beating the consensus estimate of $5.55 by $0.06. Assurant had a return on equity of 18.65% and a net margin of 6.81%.The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the company posted $4.79 earnings per share. Assurant’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Tuesday, February 17th will be paid a $0.88 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $3.52 dividend on an annualized basis and a yield of 1.6%. Assurant’s payout ratio is currently 20.74%.

About Assurant

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.