Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 63,324 Assurant, Inc. (NYSE:AIZ)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 63,324 shares of the financial services provider's stock, valued at approximately $13,502,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Assurant at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Ameriflex Group Inc. acquired a new position in Assurant in the fourth quarter valued at approximately $51,000. Challenger Wealth Management bought a new position in shares of Assurant during the 4th quarter worth approximately $235,000. Toronto Dominion Bank boosted its holdings in shares of Assurant by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 27,520 shares of the financial services provider's stock worth $5,868,000 after buying an additional 1,711 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in shares of Assurant during the 4th quarter worth approximately $270,000. Finally, Alpine Global Management LLC bought a new position in shares of Assurant during the 4th quarter worth approximately $791,000. 92.65% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Jay Rosenblum sold 1,000 shares of Assurant stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $201.93, for a total value 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 approximately $2,377,725.75. This trade represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.51% of the company's stock.

Analyst Ratings Changes

AIZ has been the topic of a number of research analyst reports. Piper Sandler upgraded Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target on the stock in a report on Thursday, April 10th. Wall Street Zen upgraded Assurant from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley set a $217.00 price target on Assurant and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods increased their target price on Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Truist Financial increased their target price on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.67.

Assurant Stock Up 1.5%

NYSE:AIZ traded up $3.03 during trading hours on Friday, hitting $202.99. 5,100,348 shares of the company traded hands, compared to its average volume of 419,839. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. The firm's 50-day simple moving average is $196.01 and its 200-day simple moving average is $206.79. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The company has a market cap of $10.33 billion, a PE ratio of 14.03 and a beta of 0.59.

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

Assurant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, June 9th. Assurant's dividend payout ratio is presently 24.94%.

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.