Assurant, Inc. (NYSE:AIZ) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,520 shares of the financial services provider's stock after purchasing an additional 1,711 shares during the period. Toronto Dominion Bank owned 0.05% of Assurant worth $5,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Assurant by 1.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,773 shares of the financial services provider's stock worth $1,657,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. grew its stake in Assurant by 28.6% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the financial services provider's stock worth $168,000 after buying an additional 188 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in Assurant during the fourth quarter worth approximately $329,000. Merit Financial Group LLC purchased a new stake in Assurant during the fourth quarter worth approximately $254,000. Finally, Barclays PLC grew its stake in Assurant by 48.4% during the third quarter. Barclays PLC now owns 192,310 shares of the financial services provider's stock worth $38,243,000 after buying an additional 62,696 shares during the period. Institutional investors and hedge funds own 92.65% of the company's stock.

Insider Buying and Selling at Assurant

In other Assurant news, EVP Jay Rosenblum sold 1,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $201.93, for a total transaction of $201,930.00. Following the transaction, the executive vice president now directly owns 11,775 shares in the company, valued at $2,377,725.75. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.51% of the stock is currently owned by insiders.

Assurant Trading Down 4.0%

NYSE:AIZ opened at $192.71 on Thursday. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. 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 business's 50-day simple moving average is $197.85 and its 200 day simple moving average is $207.07.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.61. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.06 billion. Assurant had a return on equity of 17.25% and a net margin of 6.40%. Assurant's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.78 EPS. As a group, sell-side analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.66%. Assurant's dividend payout ratio (DPR) is 24.94%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AIZ shares. Truist Financial boosted their price objective on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price objective for the company in a research note on Thursday, April 10th. StockNews.com upgraded shares of Assurant from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Morgan Stanley boosted their price objective on shares of Assurant from $200.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average 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.

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