Achmea Investment Management B.V. Invests $629,000 in Assurant, Inc. (NYSE:AIZ)

Achmea Investment Management B.V. bought a new stake in shares of Assurant, Inc. (NYSE:AIZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,786 shares of the financial services provider’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Forsta AP Fonden purchased a new stake in shares of Assurant during the second quarter worth approximately $732,000. Qsemble Capital Management LP purchased a new position in shares of Assurant during the 2nd quarter worth $433,000. American Century Companies Inc. boosted its holdings in Assurant by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 24,905 shares of the financial services provider’s stock valued at $4,140,000 after purchasing an additional 345 shares during the last quarter. AGF Management Ltd. increased its holdings in shares of Assurant by 11.3% during the 2nd quarter. AGF Management Ltd. now owns 13,960 shares of the financial services provider’s stock worth $2,321,000 after buying an additional 1,418 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Assurant by 11.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,543 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 681 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on AIZ shares. Keefe, Bruyette & Woods lifted their target price on Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. StockNews.com raised shares of Assurant from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group lifted their price target on shares of Assurant from $210.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Bank of America decreased their price objective on shares of Assurant from $223.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, Piper Sandler downgraded shares of Assurant from an “overweight” rating to a “neutral” rating and set a $200.00 target price for the company. in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.60.

Insider Transactions at Assurant

In related news, CAO Dimitry Dirienzo sold 550 shares of Assurant stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $188.44, for a total value of $103,642.00. Following the completion of the transaction, the chief accounting officer now owns 3,152 shares in the company, valued at $593,962.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Assurant news, EVP Martin Jenns sold 1,500 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the sale, the executive vice president now directly owns 4,027 shares in the company, valued at $717,329.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Dimitry Dirienzo sold 550 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the transaction, the chief accounting officer now directly owns 3,152 shares of the company’s stock, valued at $593,962.88. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Assurant Trading Up 0.5 %

NYSE AIZ opened at $192.24 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.60 and a beta of 0.57. The firm has a 50 day simple moving average of $180.81 and a 200-day simple moving average of $176.89. Assurant, Inc. has a one year low of $137.50 and a one year high of $199.50.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $4.08 EPS for the quarter, beating the consensus estimate of $3.58 by $0.50. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.89 EPS. Equities research analysts anticipate that Assurant, Inc. will post 16.54 EPS for the current fiscal year.

Assurant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, September 3rd. Assurant’s payout ratio is presently 20.10%.

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.