Globeflex Capital L P Makes New Investment in Assurant, Inc. $AIZ

Globeflex Capital L P acquired a new position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,435 shares of the financial services provider's stock, valued at approximately $6,830,000. Assurant comprises about 0.9% of Globeflex Capital L P's investment portfolio, making the stock its 25th largest holding. Globeflex Capital L P owned 0.05% of Assurant as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia purchased a new position in shares of Assurant during the second quarter valued at approximately $513,000. Compass Financial Management LLC acquired a new position in Assurant in the second quarter valued at $340,000. Commerce Bank acquired a new stake in Assurant during the second quarter worth about $707,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Assurant in the 2nd quarter worth about $688,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of Assurant in the 2nd quarter worth about $333,000. Institutional investors and hedge funds own 92.65% of the company's stock.

Insider Buying and Selling at Assurant

In other news, EVP Nair Biju sold 3,931 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the completion of the transaction, the executive vice president directly owned 24,247 shares in the company, valued at approximately $7,333,747.62. The trade was a 13.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Lonergan sold 7,000 shares of the 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 transaction, the executive vice president directly owned 27,374 shares of the company's stock, valued at $7,191,423.54. This trade represents a 20.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 12,931 shares of company stock worth $3,539,300. 0.54% of the stock is owned by insiders.

Key Stories Impacting Assurant

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks upgraded Assurant to a “Buy” rating. The upgrade to Zacks Rank #2 reflects improving earnings-estimate trends and could support continued investor interest in AIZ. Assurant Upgraded to Buy: What Does It Mean for the Stock?
• Positive Sentiment: Several longer-term earnings forecasts were raised. Zacks lifted its FY2026 EPS estimate to $21.70 from $20.92, FY2027 to $23.00 from $22.46, and FY2028 to $24.74 from $24.44. The Q1 2027 forecast also increased substantially to $5.59 from $4.97. These revisions imply stronger projected profitability and exceed or broadly align with the current full-year consensus. Zacks Research Brokers Raise Earnings Estimates for Assurant
• Positive Sentiment: Assurant’s latest reported quarter provides supportive fundamental context: EPS of $6.41 exceeded the $5.17 consensus estimate, while revenue increased 9.4% year over year to $3.45 billion. The earnings beat likely reinforces confidence behind the estimate upgrades.
• Neutral Sentiment: A separate Zacks analysis highlighted Assurant as a potential value investment based on earnings revisions, value, growth and momentum factors. With a reported P/E ratio of about 13.6, valuation may remain attractive, although the article did not provide a specific new price target. Should Value Investors Buy Assurant Stock?
• Negative Sentiment: Near-term estimates were mixed. Zacks lowered Q3 2026 EPS to $4.36 from $4.39 and Q4 2026 to $4.98 from $5.43, while cutting Q4 2027 to $5.65 from $5.76. These reductions could limit upside if upcoming results fall short of expectations.

Assurant Price Performance

Shares of AIZ opened at $284.14 on Monday. Assurant, Inc. has a 52 week low of $205.01 and a 52 week high of $303.94. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 13.57 and a beta of 0.55. The stock has a 50 day moving average of $276.34 and a 200-day moving average of $247.77.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.17 by $1.24. Assurant had a return on equity of 20.40% and a net margin of 7.90%.The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the company posted $5.56 EPS. The business's revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Assurant, Inc. will post 22.05 EPS for the current year.

Assurant Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.2%. Assurant's dividend payout ratio (DPR) is 16.81%.

Wall Street Analyst Weigh In

AIZ has been the subject of a number of research reports. Piper Sandler boosted their target price on Assurant from $290.00 to $329.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Royal Bank Of Canada set a $310.00 price target on shares of Assurant in a report on Wednesday, June 17th. Wall Street Zen lowered shares of Assurant from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Weiss Ratings raised Assurant from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley boosted their price objective on shares of Assurant from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Assurant presently has an average rating of "Buy" and an average target price of $316.57.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source