Mn Services Vermogensbeheer B.V. Decreases Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Mn Services Vermogensbeheer B.V. lowered its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,600 shares of the financial services provider's stock after selling 2,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Assurant were worth $3,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. LRI Investments LLC lifted its holdings in shares of Assurant by 14.0% during the 4th quarter. LRI Investments LLC now owns 553 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 68 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in 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 acquiring an additional 75 shares during the period. CIBC Asset Management Inc lifted its position in Assurant by 1.1% during the 4th quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider's stock worth $1,642,000 after acquiring an additional 84 shares during the period. EverSource Wealth Advisors LLC lifted its position in Assurant by 30.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 364 shares of the financial services provider's stock worth $78,000 after acquiring an additional 84 shares during the period. Finally, Fifth Third Bancorp lifted its position in Assurant by 4.6% during the 1st quarter. Fifth Third Bancorp now owns 2,079 shares of the financial services provider's stock worth $436,000 after acquiring an additional 91 shares during the period. Institutional investors own 92.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on AIZ. Wall Street Zen raised Assurant from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Piper Sandler raised Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods lifted their price target on Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Morgan Stanley set a $217.00 price target on Assurant and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $228.67.

Assurant Price Performance

Shares of NYSE AIZ traded up $0.68 during trading on Friday, hitting $196.04. The company had a trading volume of 598,316 shares, compared to its average volume of 428,626. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 15.28 and a beta of 0.61. The stock has a fifty day simple moving average of $196.69 and a two-hundred day simple moving average of $204.18. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.40. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55.

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

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, June 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.63%. Assurant's dividend payout ratio is currently 24.94%.

Insider Transactions at Assurant

In other news, EVP Jay Rosenblum sold 1,000 shares of the business's 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 completion of the sale, the executive vice president now owns 11,775 shares of the company's stock, valued at $2,377,725.75. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.51% of the company's stock.

Assurant Company 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.