Amundi Has $30.89 Million Stock Position in Assurant, Inc. $AIZ

Key Points

• Amundi reduced its Assurant stake by 23.9% in the second quarter, selling 36,083 shares and retaining 115,053 shares worth approximately $30.9 million. Institutional investors still own a substantial 92.65% of Assurant’s outstanding stock.
• Assurant reported a strong quarter, with EPS of $6.41 beating estimates of $5.17 and revenue rising 9.4% year over year to $3.45 billion. The company also declared a quarterly dividend of $0.88 per share, equivalent to a 1.3% annualized yield.
• Analyst sentiment remains positive: Assurant has an average “Buy” rating and a consensus price target of $327.14, above its reported trading price of $280.71. However, some near-term earnings forecasts were modestly reduced.

Amundi lowered its holdings in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 23.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 115,053 shares of the financial services provider's stock after selling 36,083 shares during the period. Amundi owned 0.23% of Assurant worth $30,895,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in shares of Assurant by 26,178.3% during the 2nd quarter. California State Teachers Retirement System now owns 15,459,004 shares of the financial services provider's stock worth $4,151,206,000 after acquiring an additional 15,400,176 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Assurant by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 5,040,347 shares of the financial services provider's stock worth $1,213,968,000 after purchasing an additional 29,974 shares during the period. BlackRock Inc. acquired a new position in shares of Assurant in the second quarter valued at $1,345,211,000. Dimensional Fund Advisors LP increased its holdings in shares of Assurant by 22.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,125,406 shares of the financial services provider's stock valued at $245,121,000 after purchasing an additional 205,767 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Assurant in the second quarter valued at about $269,635,000. Institutional investors and hedge funds own 92.65% of the company's stock.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,931 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the completion of the sale, the executive vice president owned 24,247 shares in the company, valued at approximately $7,333,747.62. The trade was a 13.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Lonergan sold 7,000 shares of the business's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $262.71, for a total transaction of $1,838,970.00. Following the sale, the executive vice president directly owned 27,374 shares of the company's stock, valued at approximately $7,191,423.54. The trade was a 20.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.54% of the company's stock.

Assurant Trading Up 0.1%

NYSE:AIZ opened at $280.71 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. The firm's fifty day moving average is $281.70 and its 200-day moving average is $253.30. Assurant, Inc. has a 52 week low of $205.01 and a 52 week high of $303.94. The firm has a market cap of $13.84 billion, a P/E ratio of 13.41 and a beta of 0.54.

Assurant (NYSE:AIZ - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.17 by $1.24. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The company had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the prior year, the firm earned $5.56 EPS. The business's revenue was up 9.4% on a year-over-year basis. Equities analysts expect that Assurant, Inc. will post 22.07 earnings per share for the current year.

Assurant Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, August 31st will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 31st. Assurant's dividend payout ratio (DPR) is 16.81%.

Key Headlines Impacting Assurant

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks Research raised multiple earnings forecasts. Estimates increased for third-quarter 2026 EPS to $4.48 from $4.36, first-quarter 2027 EPS to $5.62 from $5.59, second-quarter 2027 EPS to $6.09 from $5.99, full-year 2027 EPS to $23.12 from $23.00, and full-year 2028 EPS to $24.92 from $24.74. These revisions suggest improving expectations for Assurant’s longer-term earnings trajectory.
• Positive Sentiment: Assurant continues to attract attention as a growth and value stock. A Zacks article highlighted AIZ alongside Globus Medical and NetApp for sustainable sales growth, strong cash flow, profitability and favorable valuation screens amid renewed Middle East tensions. 3 Sales Growth Stocks to Buy Amid Renewed Middle East Tensions
• Neutral Sentiment: Recent operating momentum remains supportive. Assurant’s latest reported quarter produced $6.41 in EPS, well above the $5.17 analyst consensus, while revenue rose 9.4% year over year to $3.45 billion. The company’s valuation remains relatively moderate, with a reported price-to-earnings ratio near 13.
• Negative Sentiment: Some near-term estimates were trimmed. Zacks lowered fourth-quarter 2026 EPS to $4.96 from $4.98, fourth-quarter 2027 EPS to $5.60 from $5.65, and first-quarter 2028 EPS to $5.98 from $6.01. Its revised fiscal 2026 forecast of $21.79 is also below the broader consensus estimate of approximately $22.07.

Analyst Ratings Changes

Several brokerages recently commented on AIZ. BMO Capital Markets lifted their target price on shares of Assurant from $274.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. Weiss Ratings raised shares of Assurant from a "buy (b+)" rating to a "buy (a-)" rating in a report on Tuesday, August 11th. UBS Group raised their price objective on shares of Assurant from $274.00 to $331.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Morgan Stanley boosted their price objective on Assurant from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Finally, Piper Sandler increased their target price on Assurant from $290.00 to $329.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Assurant presently has an average rating of "Buy" and an average price target of $327.14.

Assurant Company Profile

Assurant, Inc is a global business services and insurance company that provides protection products and services supporting major purchases and everyday needs. Its offerings are designed to help consumers, businesses and distribution partners manage risks associated with connected devices, housing and transportation.

The company's Lifestyle segment provides mobile device protection, extended service contracts, vehicle service contracts and related services. Its Global Housing segment offers renters insurance, homeowners insurance, lender-placed insurance and other specialty property products.

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