Assurant, Inc. (NYSE:AIZ) Holdings Raised by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 2,673.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,606 shares of the financial services provider's stock after acquiring an additional 3,476 shares during the period. Penserra Capital Management LLC's holdings in Assurant were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in shares of Assurant by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock worth $28,000 after purchasing an additional 75 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Assurant during the 1st quarter worth about $28,000. Private Trust Co. NA lifted its holdings in shares of Assurant by 192.2% during the 1st quarter. Private Trust Co. NA now owns 149 shares of the financial services provider's stock worth $31,000 after acquiring an additional 98 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock worth $32,000 after acquiring an additional 103 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Assurant by 503.1% during the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after acquiring an additional 161 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Assurant

In related news, EVP Jay Rosenblum sold 1,000 shares of Assurant stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $201.93, for a total transaction of $201,930.00. Following the sale, the executive vice president directly owned 11,775 shares in the company, valued at $2,377,725.75. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is currently owned by corporate insiders.

Assurant Stock Performance

AIZ stock traded down $2.43 during mid-day trading on Friday, reaching $187.50. The company had a trading volume of 256,927 shares, compared to its average volume of 428,049. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $9.54 billion, a P/E ratio of 14.61 and a beta of 0.59. Assurant, Inc. has a one year low of $164.63 and a one year high of $230.55. The stock's 50-day simple moving average is $197.38 and its two-hundred day simple moving average is $201.99.

Assurant (NYSE:AIZ - Get Free Report) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.61. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.06 billion. Assurant had a return on equity of 15.49% and a net margin of 5.55%. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $4.78 earnings per share. Research analysts anticipate that Assurant, Inc. will post 16.88 EPS for the current year.

Assurant Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Monday, June 9th. Assurant's dividend payout ratio is currently 24.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AIZ shares. Wall Street Zen lowered shares of Assurant from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Keefe, Bruyette & Woods increased their price objective on shares of Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. 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 report on Thursday, April 10th. Finally, Morgan Stanley set a $217.00 price objective on shares of Assurant and gave the company an "equal weight" rating in a research note on Monday, May 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Assurant currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.67.

Assurant 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.