Assurant, Inc. (NYSE:AIZ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Assurant, Inc. (NYSE:AIZ - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $234.17.

A number of research firms have weighed in on AIZ. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price objective on Assurant from $230.00 to $224.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Truist Financial increased their price target on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Piper Sandler raised Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target on the stock in a research report on Thursday, April 10th.

Insider Transactions at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares in the company, valued at $3,568,162. This represents a 14.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On Assurant

Several hedge funds have recently bought and sold shares of AIZ. Bank of New York Mellon Corp increased its position in Assurant by 36.7% during the 4th quarter. Bank of New York Mellon Corp now owns 3,320,590 shares of the financial services provider's stock worth $708,016,000 after purchasing an additional 891,292 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Assurant by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,399,725 shares of the financial services provider's stock worth $299,724,000 after buying an additional 10,956 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Assurant by 23.1% in the 4th quarter. Northern Trust Corp now owns 831,864 shares of the financial services provider's stock valued at $177,370,000 after acquiring an additional 156,364 shares during the last quarter. Norges Bank acquired a new stake in shares of Assurant during the 4th quarter valued at $143,475,000. Finally, Clark Capital Management Group Inc. boosted its holdings in shares of Assurant by 1.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 607,458 shares of the financial services provider's stock valued at $129,522,000 after acquiring an additional 7,211 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

Assurant Stock Down 0.3 %

NYSE AIZ traded down $0.63 during trading hours on Friday, reaching $189.70. 57,723 shares of the company's stock were exchanged, compared to its average volume of 459,303. 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 market capitalization of $9.65 billion, a price-to-earnings ratio of 13.11 and a beta of 0.53. The company's 50-day moving average is $203.12 and its two-hundred day moving average is $206.95. Assurant has a one year low of $160.12 and a one year high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. On average, analysts forecast that Assurant will post 16.88 EPS for the current fiscal year.

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.