Robert Lonergan Sells 2,700 Shares of Assurant, Inc. (NYSE:AIZ) Stock

Assurant, Inc. (NYSE:AIZ) insider Robert Lonergan sold 2,700 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $176.12, for a total value of $475,524.00. Following the sale, the insider now directly owns 19,786 shares of the company’s stock, valued at $3,484,710.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Assurant Price Performance

Shares of NYSE AIZ opened at $171.42 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.39 and a current ratio of 0.39. Assurant, Inc. has a one year low of $118.45 and a one year high of $189.48. The firm has a market capitalization of $8.91 billion, a P/E ratio of 11.96, a PEG ratio of 1.75 and a beta of 0.53. The company’s fifty day moving average is $177.90 and its two-hundred day moving average is $172.24.

Institutional Trading of Assurant

A number of institutional investors have recently added to or reduced their stakes in AIZ. Swedbank AB purchased a new position in Assurant in the first quarter valued at about $270,000. Tidal Investments LLC increased its stake in Assurant by 256.5% in the 1st quarter. Tidal Investments LLC now owns 8,979 shares of the financial services provider’s stock valued at $1,690,000 after purchasing an additional 6,460 shares in the last quarter. Redwood Investment Management LLC acquired a new position in Assurant during the first quarter worth $1,513,000. Bayesian Capital Management LP purchased a new stake in Assurant during the first quarter worth $1,058,000. Finally, Paloma Partners Management Co acquired a new stake in Assurant in the first quarter valued at $295,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AIZ shares. UBS Group increased their price target on Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Piper Sandler raised their target price on shares of Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Assurant from $182.00 to $186.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.25.

About Assurant

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.