Jones Financial Companies Lllp Acquires 103 Shares of Assurant, Inc. (NYSE:AIZ)

Jones Financial Companies Lllp raised its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 219.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150 shares of the financial services provider’s stock after purchasing an additional 103 shares during the quarter. Jones Financial Companies Lllp’s holdings in Assurant were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AIZ. Atria Investments Inc raised its holdings in shares of Assurant by 51.9% in the third quarter. Atria Investments Inc now owns 2,572 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 879 shares in the last quarter. Huntington National Bank raised its holdings in shares of Assurant by 509.4% in the third 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. CIBC Asset Management Inc raised its holdings in shares of Assurant by 6.5% in the third quarter. CIBC Asset Management Inc now owns 7,615 shares of the financial services provider’s stock valued at $1,514,000 after acquiring an additional 466 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Assurant by 10.6% in the third quarter. Natixis Advisors LLC now owns 15,253 shares of the financial services provider’s stock valued at $3,033,000 after acquiring an additional 1,456 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Assurant by 369.6% in the third quarter. Quest Partners LLC now owns 4,452 shares of the financial services provider’s stock valued at $885,000 after acquiring an additional 3,504 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIZ has been the subject of several recent research reports. Truist Financial lifted their price objective on Assurant from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods upgraded Assurant from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $212.00 to $230.00 in a report on Thursday, February 20th. StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley began coverage on shares of Assurant in a report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.17.

Insider Transactions at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the sale, the executive vice president now owns 17,708 shares in the company, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Assurant Stock Performance

Shares of Assurant stock opened at $213.76 on Thursday. The company has a market capitalization of $10.86 billion, a PE ratio of 14.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. The company has a 50-day simple moving average of $208.36 and a two-hundred day simple moving average of $206.48. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. Research analysts expect that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. Assurant’s payout ratio is 22.11%.

Assurant 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.