Michael P. Campbell Sells 1,304 Shares of Assurant, Inc. (NYSE:AIZ) Stock

Assurant, Inc. (NYSE:AIZ) EVP Michael P. Campbell sold 1,304 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $173.35, for a total transaction of $226,048.40. Following the sale, the executive vice president now owns 24,586 shares of the company’s stock, valued at $4,261,983.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Assurant Stock Performance

Assurant stock opened at $169.01 on Friday. Assurant, Inc. has a fifty-two week low of $118.45 and a fifty-two week high of $189.48. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.69 and a beta of 0.53. The stock’s 50 day simple moving average is $177.15 and its two-hundred day simple moving average is $172.23. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.88 dividend on an annualized basis and a yield of 1.70%. Assurant’s dividend payout ratio (DPR) is 20.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group upped their price target on Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Piper Sandler upped their target price on Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Assurant from $182.00 to $186.00 and gave the company a “market perform” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.25.

Hedge Funds Weigh In On Assurant

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in shares of Assurant in the 4th quarter worth about $25,000. Harvest Fund Management Co. Ltd increased its stake in shares of Assurant by 104.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Assurant during the fourth quarter valued at approximately $40,000. Assetmark Inc. purchased a new position in shares of Assurant during the fourth quarter valued at approximately $44,000. Finally, Quarry LP bought a new stake in shares of Assurant in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors 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.