Deutsche Bank AG acquired a new stake in Assurant, Inc. (NYSE:AIZ - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 285,698 shares of the financial services provider's stock, valued at approximately $76,718,000. Deutsche Bank AG owned approximately 0.58% of Assurant at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in AIZ. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Assurant in the 2nd quarter valued at about $17,023,000. OneDigital Investment Advisors LLC purchased a new position in Assurant during the 2nd quarter worth approximately $452,000. Nippon Life Global Investors Americas Inc. purchased a new position in Assurant during the 2nd quarter worth approximately $1,042,000. Global Retirement Partners LLC acquired a new position in Assurant during the second quarter worth approximately $305,000. Finally, Bank of New York Mellon Corp acquired a new position in Assurant during the second quarter worth approximately $1,269,591,000. Hedge funds and other institutional investors own 92.65% of the company's stock.
Wall Street Analyst Weigh In
AIZ has been the subject of a number of research reports. Wall Street Zen cut Assurant from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Morgan Stanley lifted their target price on shares of Assurant from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday. Truist Financial upped their price target on shares of Assurant from $310.00 to $355.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Royal Bank Of Canada set a $310.00 price target on shares of Assurant in a research note on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Assurant from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $316.57.
View Our Latest Stock Analysis on AIZ
Insider Transactions at Assurant
In related 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 sale, the chief accounting officer 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert Lonergan sold 7,000 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $262.71, for a total value of $1,838,970.00. Following the completion of the sale, the executive vice president owned 27,374 shares in the company, valued at approximately $7,191,423.54. This represents a 20.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,931 shares of company stock valued at $3,539,300 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.
Key Headlines Impacting Assurant
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.
Assurant Price Performance
Shares of NYSE AIZ opened at $282.04 on Friday. The stock has a fifty day moving average price of $275.87 and a 200 day moving average price of $247.46. Assurant, Inc. has a 1-year low of $205.01 and a 1-year high of $303.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $13.91 billion, a PE ratio of 13.47 and a beta of 0.55.
Assurant (NYSE:AIZ - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, beating analysts' consensus estimates of $5.17 by $1.24. Assurant had a return on equity of 20.40% and a net margin of 7.90%.The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the company earned $5.56 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Assurant, Inc. will post 21.74 EPS for the current year.
Assurant Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.52 annualized dividend and a dividend yield of 1.2%. Assurant's payout ratio is 16.81%.
Assurant Profile
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Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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