Assurant, Inc. $AIZ Shares Sold by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers reduced its Assurant stake by 28.7%, selling 5,405 shares and retaining 13,439 shares valued at approximately $2.93 million. Institutional investors collectively own 92.65% of the company.
• Assurant reported quarterly earnings of $6.41 per share, beating estimates of $5.17, while revenue rose 9.4% year over year to $3.45 billion. Analysts maintain a “Moderate Buy” consensus, with an average price target of $303.43.
• Assurant shares opened at $296.01, near their 12-month high of $303.94, after strong recent performance. Company insiders sold 36,000 shares worth $9.2 million over the quarter, while the company maintains a quarterly dividend of $0.88, yielding about 1.2%.

Cetera Investment Advisers lessened its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,439 shares of the financial services provider's stock after selling 5,405 shares during the period. Cetera Investment Advisers' holdings in Assurant were worth $2,927,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in Assurant during the second quarter valued at $27,000. Montag A & Associates Inc. purchased a new stake in shares of Assurant during the 4th quarter worth about $28,000. BOKF NA purchased a new stake in shares of Assurant during the 3rd quarter worth about $32,000. Geneos Wealth Management Inc. grew its position in shares of Assurant by 57.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 67 shares during the period. Finally, Park Square Financial Group LLC grew its position in shares of Assurant by 205.5% during the 4th quarter. Park Square Financial Group LLC now owns 168 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 92.65% of the company's stock.

Insider Transactions at Assurant

In other news, CAO Dimitry Dirienzo sold 2,000 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $255.68, for a total transaction of $511,360.00. Following the completion of the sale, the chief accounting officer owned 2,741 shares of the company's stock, valued at $700,818.88. This represents a 42.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jay Rosenblum sold 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $251.77, for a total transaction of $503,540.00. Following the completion of the sale, the executive vice president owned 12,764 shares of the company's stock, valued at $3,213,592.28. This trade represents a 13.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 36,000 shares of company stock worth $9,211,620. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AIZ. Piper Sandler lifted their price target on Assurant from $290.00 to $329.00 and gave the company an "overweight" rating in a research note on Thursday. Royal Bank Of Canada set a $310.00 price target on Assurant in a research report on Wednesday, June 17th. Wall Street Zen lowered Assurant from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods boosted their price objective on Assurant from $270.00 to $310.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Finally, UBS Group upped their target price on Assurant from $270.00 to $274.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Assurant has a consensus rating of "Moderate Buy" and a consensus target price of $303.43.

Assurant Price Performance

NYSE:AIZ opened at $296.01 on Friday. The stock has a 50 day moving average of $269.87 and a two-hundred day moving average of $244.19. Assurant, Inc. has a 12 month low of $200.62 and a 12 month high of $303.94. The firm has a market cap of $14.67 billion, a P/E ratio of 14.14 and a beta of 0.55. The company has a current ratio of 0.67, a quick ratio of 0.39 and a debt-to-equity ratio of 0.36.

Assurant (NYSE:AIZ - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, beating the consensus estimate of $5.17 by $1.24. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%.The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $5.56 earnings per share. On average, analysts expect that Assurant, Inc. will post 21.04 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 8th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 8th. Assurant's dividend payout ratio is currently 16.81%.

Key Headlines Impacting Assurant

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Assurant posted adjusted earnings of $6.41 per share, exceeding the $5.17 analyst consensus, while revenue increased 9.4% year over year to $3.45 billion and slightly surpassed expectations. Strength in the Global Lifestyle and Global Housing businesses drove the performance. AIZ Q2 Earnings Beat Estimates on Lifestyle and Housing Strength
• Positive Sentiment: Management reaffirmed expectations for mid-single-digit 2026 adjusted EBITDA and EPS growth and indicated that share repurchases could reach the upper end of its $300 million to $350 million target range. Buybacks could support earnings per share and provide a potential cushion for the stock. Assurant signals mid-single-digit 2026 adjusted EBITDA and EPS growth
• Positive Sentiment: The earnings presentation and call highlighted continued operating momentum, with quarterly EPS rising from $5.56 a year earlier. The results reinforce the outlook for approximately $21.04 in full-year EPS. Assurant, Inc. 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Analyst estimate changes were limited and mixed: Zacks Research trimmed its Q1 2027 and FY2027 EPS forecasts modestly, while raising its Q2 2028 estimate. The revisions do not materially change the longer-term earnings outlook. Equities Analysts Offer Predictions for Assurant Q1 Earnings
• Negative Sentiment: Near-term trading appears pressured by valuation and profit-taking: shares remain close to their 12-month high after a strong run, while investors may have already anticipated the earnings beat and improved outlook. Why Assurant Stock Is Trading Up Today

Assurant Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.

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