Mayport LLC Sells 1,880 Shares of Assurant, Inc. (NYSE:AIZ)

Mayport LLC lessened its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,826 shares of the financial services provider's stock after selling 1,880 shares during the quarter. Assurant makes up approximately 0.5% of Mayport LLC's holdings, making the stock its 27th biggest holding. Mayport LLC's holdings in Assurant were worth $1,669,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in Assurant by 2.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,021 shares of the financial services provider's stock worth $1,794,000 after buying an additional 200 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Assurant by 4.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,880 shares of the financial services provider's stock valued at $31,794,000 after buying an additional 6,756 shares during the period. Blue Trust Inc. raised its holdings in shares of Assurant by 28.6% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the financial services provider's stock worth $168,000 after purchasing an additional 188 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Assurant by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider's stock worth $34,079,000 after acquiring an additional 24,887 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Assurant in the 4th quarter valued at $329,000. Institutional investors own 92.65% of the company's stock.

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Assurant Stock Performance

NYSE AIZ traded up $3.67 during midday trading on Friday, hitting $204.94. The company had a trading volume of 489,429 shares, compared to its average volume of 344,194. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 14.16 and a beta of 0.61. The firm has a fifty day simple moving average of $208.84 and a two-hundred day simple moving average of $205.40. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41.

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

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, February 3rd. Assurant's dividend payout ratio (DPR) is 22.11%.

Wall Street Analyst Weigh In

AIZ has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of Assurant from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $212.00 to $230.00 in a research report on Thursday, February 20th. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Morgan Stanley initiated coverage on shares of Assurant in a research note on Thursday, December 5th. They set an "equal weight" rating and a $251.00 price target on the stock. Finally, Truist Financial raised their price objective on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Assurant has an average rating of "Moderate Buy" and an average price target of $234.17.

Insiders Place Their Bets

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

Assurant 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.