Assurant, Inc. (NYSE:AIZ) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Assurant, Inc. (NYSE:AIZ - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the four ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $199.25.

A number of equities analysts recently issued reports on the company. Piper Sandler raised their target price on Assurant from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. UBS Group upped their price objective on shares of Assurant from $191.00 to $205.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods cut Assurant from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $170.00 to $182.00 in a research report on Monday, February 12th.

Assurant Stock Up 0.8 %

NYSE AIZ traded up $1.46 during midday trading on Friday, hitting $176.08. 300,796 shares of the company traded hands, compared to its average volume of 289,692. The company's 50-day simple moving average is $178.76 and its 200-day simple moving average is $170.04. Assurant has a 52 week low of $118.45 and a 52 week high of $189.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market cap of $9.15 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 2.21 and a beta of 0.53.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 EPS for the quarter, beating the consensus estimate of $3.70 by $0.88. Assurant had a return on equity of 18.36% and a net margin of 5.77%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. As a group, equities research analysts forecast that Assurant will post 15.67 earnings per share for the current year.

Institutional Trading of Assurant

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Assurant by 21.5% in the third quarter. Bank of New York Mellon Corp now owns 3,238,477 shares of the financial services provider's stock worth $464,981,000 after acquiring an additional 573,309 shares during the period. FMR LLC lifted its position in Assurant by 7.5% in the third quarter. FMR LLC now owns 2,748,162 shares of the financial services provider's stock valued at $394,581,000 after buying an additional 191,750 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Assurant by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,865,496 shares of the financial services provider's stock valued at $267,848,000 after acquiring an additional 109,123 shares during the period. Lyrical Asset Management LP grew its holdings in shares of Assurant by 2.0% in the fourth quarter. Lyrical Asset Management LP now owns 783,257 shares of the financial services provider's stock valued at $131,971,000 after purchasing an additional 15,074 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Assurant by 23.4% during the 4th quarter. Northern Trust Corp now owns 737,099 shares of the financial services provider's stock worth $124,194,000 after buying an additional 139,680 shares in the last quarter. Institutional investors and hedge funds own 92.65% 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.