BlackRock Inc. Makes New Investment in Assurant, Inc. $AIZ

BlackRock Inc. purchased a new position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,009,537 shares of the financial services provider's stock, valued at approximately $1,345,211,000. BlackRock Inc. owned approximately 10.11% of Assurant at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new stake in Assurant in the second quarter worth about $27,000. Montag A & Associates Inc. acquired a new position in shares of Assurant during the fourth quarter valued at about $28,000. BOKF NA acquired a new position in shares of Assurant during the third quarter valued at about $32,000. Western Wealth Management LLC purchased a new position in shares of Assurant in the 1st quarter valued at approximately $33,000. Finally, Arlington Trust Co LLC raised its position in shares of Assurant by 81.4% in the 2nd quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Assurant Price Performance

NYSE:AIZ opened at $282.04 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. The business's 50-day simple moving average is $275.87 and its two-hundred day simple moving average is $247.46. The stock has a market cap of $13.91 billion, a PE ratio of 13.47 and a beta of 0.55. Assurant, Inc. has a 52 week low of $205.01 and a 52 week high of $303.94.

Assurant (NYSE:AIZ - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.41 EPS 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 revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.56 earnings per share. As a group, analysts forecast that Assurant, Inc. will post 21.74 EPS for the current fiscal year.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, August 31st will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. Assurant's payout ratio is currently 16.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AIZ shares. UBS Group upped their price objective on Assurant from $274.00 to $331.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Morgan Stanley lifted their target price on Assurant from $300.00 to $320.00 and gave the company an "overweight" rating in a research report on Wednesday. Truist Financial boosted their price target on Assurant from $310.00 to $355.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings upgraded Assurant from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Assurant from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. 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 MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $316.57.

Assurant News Summary

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks upgraded Assurant (AIZ) to Rank #2, or “Buy,” citing improving earnings prospects. The upgrade may attract additional buying interest and provide near-term support for the stock. Assurant upgraded to Buy
• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $21.70 from $20.92, FY2027 EPS to $23.00 from $22.46, and FY2028 EPS to $24.74 from $24.44. It also increased estimates for select future quarters, signaling better-than-previously-expected earnings momentum.
• Neutral Sentiment: A Zacks value-investing analysis highlights the firm’s valuation, growth, momentum and earnings-estimate trends, but does not provide a new price target or a specific catalyst beyond the broader Zacks Rank methodology. Should value investors buy Assurant stock
• Negative Sentiment: Some quarterly forecasts were reduced, including Q3 2026 EPS to $4.36 from $4.39, Q4 2026 EPS to $4.98 from $5.43, and Q4 2027 EPS to $5.65 from $5.76. These cuts could temper enthusiasm, although they are offset by the higher full-year and longer-term estimates.

Insider Buying and Selling

In other Assurant news, CAO Dimitry Dirienzo sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $255.68, for a total value of $511,360.00. Following the completion of the transaction, the chief accounting officer directly owned 2,741 shares in the company, valued at $700,818.88. This represents a 42.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nair Biju sold 3,931 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 24,247 shares of the company's stock, valued at approximately $7,333,747.62. This trade represents a 13.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,931 shares of company stock valued at $3,539,300. Corporate insiders own 0.54% of the company's stock.

Assurant Company 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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