Assurant, Inc. (NYSE:AIZ) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in shares of Assurant, Inc. (NYSE:AIZ) by 10.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 47,241 shares of the financial services provider’s stock after selling 5,425 shares during the quarter. Ensign Peak Advisors Inc owned about 0.09% of Assurant worth $7,854,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Assurant during the second quarter worth about $31,000. Richardson Financial Services Inc. raised its position in Assurant by 62.1% during the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Assetmark Inc. acquired a new stake in Assurant during the 4th quarter valued at approximately $44,000. Quarry LP purchased a new stake in shares of Assurant in the 4th quarter valued at $51,000. Finally, Family Firm Inc. acquired a new stake in shares of Assurant in the second quarter worth $51,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AIZ shares. 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 research report on Thursday, August 22nd. UBS Group boosted their price objective on Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a report on Monday. Bank of America dropped their target price on Assurant from $223.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Keefe, Bruyette & Woods boosted their price target on Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Finally, StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Insider Activity at Assurant

In other Assurant news, EVP Martin Jenns sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total transaction of $267,195.00. Following the completion of the sale, the executive vice president now directly owns 4,027 shares in the company, valued at approximately $717,329.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Dimitry Dirienzo sold 550 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Martin Jenns sold 1,500 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $178.13, for a total transaction of $267,195.00. Following the sale, the executive vice president now directly owns 4,027 shares of the company’s stock, valued at approximately $717,329.51. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Assurant Stock Performance

Shares of AIZ stock opened at $197.31 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. Assurant, Inc. has a 12-month low of $141.83 and a 12-month high of $199.50. The business’s 50 day moving average is $184.85 and its two-hundred day moving average is $177.63. The company has a market capitalization of $10.26 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.60 and a beta of 0.57.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.50. The firm had revenue of $2.92 billion for 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 for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.89 EPS. Analysts expect that Assurant, Inc. will post 16.54 EPS for the current fiscal year.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.88 annualized dividend and a dividend yield of 1.46%. Assurant’s dividend payout ratio (DPR) is presently 20.10%.

About Assurant

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.