129 Shares in Assurant, Inc. (NYSE:AIZ) Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Assurant, Inc. (NYSE:AIZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 129 shares of the financial services provider’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AIZ. Financial Architects LLC bought a new stake in Assurant in the fourth quarter worth about $2,420,000. Tectonic Advisors LLC raised its position in Assurant by 3.6% in the fourth quarter. Tectonic Advisors LLC now owns 2,843 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 98 shares during the period. Longboard Asset Management LP bought a new stake in Assurant in the fourth quarter worth about $232,000. Calamos Advisors LLC raised its position in Assurant by 0.3% in the fourth quarter. Calamos Advisors LLC now owns 107,044 shares of the financial services provider’s stock worth $22,824,000 after acquiring an additional 296 shares during the period. Finally, Richardson Financial Services Inc. raised its position in Assurant by 42.8% in the fourth quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 86 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Assurant Stock Performance

Assurant stock opened at $215.22 on Friday. The firm’s 50 day simple moving average is $213.61 and its 200 day simple moving average is $201.11. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $11.04 billion, a PE ratio of 15.35 and a beta of 0.62. Assurant, Inc. has a 1-year low of $160.12 and a 1-year high of $230.55.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.48. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Assurant had a net margin of 6.31% and a return on equity of 17.42%. Assurant’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.29 EPS. As a group, analysts expect that Assurant, Inc. will post 15.82 earnings per share for the current fiscal year.

Assurant Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, February 3rd will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s dividend payout ratio (DPR) is presently 22.82%.

Analyst Ratings Changes

Several brokerages have commented on AIZ. Truist Financial lifted their price objective on shares of Assurant from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price target on shares of Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. StockNews.com raised shares of Assurant from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Morgan Stanley initiated coverage on shares of Assurant in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $229.50.

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.