Generali Asset Management SPA SGR Takes $2.81 Million Position in Assurant, Inc. (NYSE:AIZ)

Generali Asset Management SPA SGR purchased a new position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,171 shares of the financial services provider's stock, valued at approximately $2,808,000.

Other hedge funds have also added to or reduced their stakes in the company. Cascade Investment Advisors Inc. increased its stake in shares of Assurant by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 7,469 shares of the financial services provider's stock valued at $1,593,000 after purchasing an additional 50 shares during the last quarter. Pathstone Holdings LLC grew its position in Assurant by 0.5% in the third quarter. Pathstone Holdings LLC now owns 10,087 shares of the financial services provider's stock valued at $2,006,000 after acquiring an additional 52 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Assurant by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock worth $28,000 after acquiring an additional 75 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Assurant by 1.1% in the fourth quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider's stock worth $1,642,000 after acquiring an additional 84 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Assurant by 30.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 364 shares of the financial services provider's stock worth $78,000 after acquiring an additional 84 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Assurant news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the sale, the executive vice president now directly owns 17,708 shares of the company's stock, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AIZ. StockNews.com cut shares of Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded shares of Assurant from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $212.00 to $230.00 in a report on Thursday, February 20th. Morgan Stanley began coverage on Assurant in a report on Thursday, December 5th. They set an "equal weight" rating and a $251.00 price objective on the stock. Finally, Truist Financial boosted their price objective on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $234.17.

Assurant Trading Up 1.3 %

Shares of AIZ stock traded up $2.59 on Monday, hitting $209.43. The company had a trading volume of 358,911 shares, compared to its average volume of 348,035. The stock's 50-day moving average is $208.65 and its two-hundred day moving average is $206.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $10.64 billion, a P/E ratio of 14.47 and a beta of 0.61. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. On average, equities research analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be given a dividend of $0.80 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.20 annualized dividend and a dividend yield of 1.53%. Assurant's payout ratio is 22.11%.

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.