Oregon Public Employees Retirement Fund lessened its holdings in shares of Assurant, Inc. (NYSE:AIZ – Get Rating) by 0.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,174 shares of the financial services provider’s stock after selling 80 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Assurant were worth $1,333,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its position in Assurant by 2.7% during the 2nd quarter. Savant Capital LLC now owns 2,853 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 76 shares during the period. Bank of America Corp DE lifted its holdings in shares of Assurant by 1.5% in the first quarter. Bank of America Corp DE now owns 438,017 shares of the financial services provider’s stock valued at $79,645,000 after buying an additional 6,675 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Assurant by 285.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 59,035 shares of the financial services provider’s stock valued at $10,204,000 after buying an additional 43,717 shares during the period. CX Institutional acquired a new stake in shares of Assurant in the second quarter valued at $28,000. Finally, Texas Permanent School Fund lifted its holdings in shares of Assurant by 5.4% in the third quarter. Texas Permanent School Fund now owns 7,529 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 386 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.
Wall Street Analysts Forecast Growth
AIZ has been the subject of several research analyst reports. TheStreet lowered Assurant from a “b-” rating to a “c+” rating in a report on Wednesday, November 2nd. Piper Sandler cut their price objective on Assurant from $144.00 to $133.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. Morgan Stanley cut their price objective on Assurant from $215.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, November 21st. StockNews.com began coverage on Assurant in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Truist Financial cut their target price on Assurant from $220.00 to $170.00 in a research report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $154.75.
Assurant Stock Up 2.4 %
Assurant (NYSE:AIZ – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.62 billion. Assurant had a return on equity of 12.00% and a net margin of 3.25%. Equities analysts anticipate that Assurant, Inc. will post 10.48 earnings per share for the current year.
Assurant Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Monday, February 27th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 24th. Assurant’s payout ratio is 48.11%.
Assurant, Inc is a global provider of lifestyle and housing solutions that support, protect, and connect major consumer purchases. It operates through the following segments: Global Lifestyle, Global Housing, and Corporate and Other. The Global Lifestyle segment offers mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances, vehicle protection and related services, and credit protection and other insurance products.
- Get a free copy of the StockNews.com research report on Assurant (AIZ)
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