SG Americas Securities LLC Has $605,000 Position in Assurant, Inc. (NYSE:AIZ)

SG Americas Securities LLC boosted its stake in shares of Assurant, Inc. (NYSE:AIZGet Rating) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,165 shares of the financial services provider’s stock after acquiring an additional 585 shares during the quarter. SG Americas Securities LLC’s holdings in Assurant were worth $605,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AIZ. American Century Companies Inc. raised its stake in Assurant by 11.5% during the first quarter. American Century Companies Inc. now owns 6,180 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 639 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Assurant during the first quarter worth $211,000. MetLife Investment Management LLC grew its holdings in shares of Assurant by 23.1% during the first quarter. MetLife Investment Management LLC now owns 15,499 shares of the financial services provider’s stock worth $2,818,000 after purchasing an additional 2,912 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Assurant by 17.5% during the first quarter. Panagora Asset Management Inc. now owns 6,005 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 896 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Assurant by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,624 shares of the financial services provider’s stock worth $1,386,000 after purchasing an additional 472 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Assurant Price Performance

Assurant stock opened at $128.91 on Monday. The business’s 50-day simple moving average is $126.62 and its 200 day simple moving average is $145.34. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 0.83 and a beta of 0.50. Assurant, Inc. has a 12-month low of $119.01 and a 12-month high of $194.12. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.52.

Assurant (NYSE:AIZGet Rating) last issued its earnings results on Tuesday, November 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Assurant had a return on equity of 12.00% and a net margin of 3.25%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.62 billion. As a group, research analysts anticipate that Assurant, Inc. will post 10.48 earnings per share for the current year.

Assurant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, February 27th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 24th. Assurant’s dividend payout ratio (DPR) is currently 48.11%.

Wall Street Analyst Weigh In

AIZ has been the topic of several research analyst reports. Truist Financial decreased their target price on Assurant from $220.00 to $170.00 in a report on Wednesday, October 26th. Morgan Stanley decreased their target price on Assurant from $215.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, November 21st. Keefe, Bruyette & Woods cut Assurant from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $199.00 to $151.00 in a report on Thursday, November 3rd. StockNews.com assumed coverage on Assurant in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Piper Sandler decreased their price target on Assurant from $144.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday, December 20th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.75.

Assurant Profile

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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.

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Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

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