Nisa Investment Advisors LLC Has $5.81 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Nisa Investment Advisors LLC increased its stake in shares of Assurant, Inc. (NYSE:AIZ) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,226 shares of the financial services provider’s stock after buying an additional 190 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Assurant worth $5,812,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AIZ. AQR Capital Management LLC boosted its position in Assurant by 32.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,041,678 shares of the financial services provider’s stock valued at $173,179,000 after buying an additional 255,471 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Assurant by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 698,677 shares of the financial services provider’s stock valued at $116,159,000 after acquiring an additional 12,935 shares during the last quarter. TD Asset Management Inc increased its position in Assurant by 20.4% in the second quarter. TD Asset Management Inc now owns 566,123 shares of the financial services provider’s stock worth $94,118,000 after purchasing an additional 96,021 shares during the period. Federated Hermes Inc. increased its position in Assurant by 0.7% in the second quarter. Federated Hermes Inc. now owns 383,549 shares of the financial services provider’s stock worth $63,765,000 after purchasing an additional 2,700 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Assurant by 31.9% during the 1st quarter. Nordea Investment Management AB now owns 239,875 shares of the financial services provider’s stock worth $45,101,000 after purchasing an additional 57,990 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Assurant Price Performance

Shares of NYSE AIZ opened at $191.70 on Friday. The company has a fifty day moving average price of $194.53 and a 200 day moving average price of $180.21. Assurant, Inc. has a 1-year low of $146.43 and a 1-year high of $201.55. The firm has a market cap of $9.93 billion, a PE ratio of 12.77, a PEG ratio of 1.61 and a beta of 0.57. 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 (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.50. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. Assurant had a return on equity of 19.63% and a net margin of 6.90%. Assurant’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $3.89 earnings per share. Research analysts predict that Assurant, Inc. will post 16.54 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, September 3rd. Assurant’s payout ratio is 19.19%.

Wall Street Analyst Weigh In

AIZ has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Bank of America raised their price objective on Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. UBS Group boosted their target price on Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, StockNews.com lowered Assurant from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Assurant presently has an average rating of “Moderate Buy” and an average target price of $214.60.

Insider Activity at Assurant

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $188.44, for a total transaction of $103,642.00. Following the sale, the chief accounting officer now directly owns 3,152 shares of the company’s stock, valued at $593,962.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $188.44, for a total transaction of $103,642.00. Following the transaction, the chief accounting officer now owns 3,152 shares of the company’s stock, valued at $593,962.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Martin Jenns sold 1,500 shares of the company’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 value of $267,195.00. Following the sale, the executive vice president now owns 4,027 shares in the company, valued at approximately $717,329.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

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.