Assurant, Inc. (NYSE:AIZ) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC cut its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 48.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,998 shares of the financial services provider's stock after selling 5,526 shares during the quarter. Stoneridge Investment Partners LLC's holdings in Assurant were worth $1,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Assurant by 32.5% during the second quarter. AQR Capital Management LLC now owns 1,041,678 shares of the financial services provider's stock worth $173,179,000 after buying an additional 255,471 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Assurant in the third quarter valued at about $284,730,000. TD Asset Management Inc lifted its position in Assurant by 20.4% during the second quarter. TD Asset Management Inc now owns 566,123 shares of the financial services provider's stock worth $94,118,000 after purchasing an additional 96,021 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Assurant by 151.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 143,425 shares of the financial services provider's stock valued at $26,998,000 after buying an additional 86,448 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Assurant by 110.2% in the 1st quarter. BNP Paribas Financial Markets now owns 102,995 shares of the financial services provider's stock valued at $19,388,000 after buying an additional 53,985 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

Insider Activity at Assurant

In other Assurant news, EVP Martin Jenns sold 1,500 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now owns 4,027 shares of the company's stock, valued at approximately $717,329.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $188.44, for a total transaction of $103,642.00. Following the sale, the chief accounting officer now owns 3,152 shares of the company's stock, valued at approximately $593,962.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Martin Jenns sold 1,500 shares of Assurant stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now owns 4,027 shares of the company's stock, valued at approximately $717,329.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Assurant Stock Up 1.0 %

Shares of NYSE:AIZ traded up $1.90 during midday trading on Tuesday, hitting $193.09. 389,616 shares of the company's stock were exchanged, compared to its average volume of 344,158. Assurant, Inc. has a 12 month low of $158.29 and a 12 month high of $201.55. The stock has a 50 day moving average price of $194.47 and a 200-day moving average price of $180.63. The company has a market cap of $10.00 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.40.

Assurant (NYSE:AIZ - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.50. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.89 billion. Assurant had a return on equity of 19.63% and a net margin of 6.90%. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.89 earnings per share. On average, sell-side analysts anticipate that Assurant, Inc. will post 14.13 EPS for the current fiscal year.

Assurant Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, September 3rd. Assurant's payout ratio is 19.19%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AIZ shares. Bank of America lifted their price objective on shares of Assurant from $228.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Piper Sandler boosted their price target on Assurant from $200.00 to $217.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price objective on Assurant from $186.00 to $194.00 and gave the company a "market perform" rating in a research note on Wednesday, August 14th. UBS Group increased their target price on shares of Assurant from $217.00 to $224.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Finally, StockNews.com lowered shares of Assurant from a "buy" rating to a "hold" rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $217.00.

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.