Universal Beteiligungs und Servicegesellschaft mbH Buys 6,150 Shares of Assurant, Inc. (NYSE:AIZ)

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,474 shares of the financial services provider's stock after purchasing an additional 6,150 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Assurant worth $14,572,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in shares of Assurant in the 1st quarter worth about $28,000. Private Trust Co. NA lifted its position in shares of Assurant by 192.2% in the 1st quarter. Private Trust Co. NA now owns 149 shares of the financial services provider's stock worth $31,000 after buying an additional 98 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Assurant by 47.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 190 shares of the financial services provider's stock worth $40,000 after buying an additional 61 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Assurant by 503.1% in the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after buying an additional 161 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new position in shares of Assurant in the 4th quarter worth about $44,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Assurant Stock Performance

Shares of Assurant stock traded down $1.19 on Monday, reaching $185.09. The stock had a trading volume of 31,961 shares, compared to its average volume of 489,448. The business's 50-day moving average price is $195.14 and its two-hundred day moving average price is $200.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.41 and a current ratio of 0.41. Assurant, Inc. has a fifty-two week low of $164.63 and a fifty-two week high of $230.55. The stock has a market cap of $9.42 billion, a P/E ratio of 14.44 and a beta of 0.59.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.61. The business had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.06 billion. Assurant had a net margin of 5.55% and a return on equity of 15.49%. Assurant's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.78 earnings per share. On average, sell-side analysts forecast that Assurant, Inc. will post 16.88 EPS for the current year.

Assurant Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, June 9th. Assurant's dividend payout ratio (DPR) is presently 24.94%.

Insider Transactions at Assurant

In other Assurant news, EVP Jay Rosenblum sold 1,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $201.93, for a total value of $201,930.00. Following the sale, the executive vice president owned 11,775 shares of the company's stock, valued at $2,377,725.75. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Assurant from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Morgan Stanley lifted their price objective on shares of Assurant from $217.00 to $218.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price target on shares of Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Piper Sandler upgraded shares of 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Assurant currently has a consensus rating of "Moderate Buy" and an average price target of $228.83.

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.