Assurant (NYSE:AIZ) Given New $250.00 Price Target at Truist Financial

Assurant (NYSE:AIZ) had its price target increased by Truist Financial from $240.00 to $250.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

AIZ has been the subject of a number of other research reports. StockNews.com lowered shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their target price on Assurant from $194.00 to $212.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley assumed coverage on Assurant in a report on Thursday, December 5th. They set an “equal weight” rating and a $251.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $231.17.

Assurant Trading Up 0.4 %

Shares of NYSE:AIZ opened at $208.11 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 14.84 and a beta of 0.62. Assurant has a 1-year low of $160.12 and a 1-year high of $230.55. The company has a 50 day moving average price of $212.49 and a 200 day moving average price of $202.47.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.31% and a return on equity of 17.42%. On average, research analysts anticipate that Assurant will post 15.82 EPS 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 given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, February 3rd. Assurant’s dividend payout ratio is presently 22.11%.

Institutional Trading of Assurant

Institutional investors have recently made changes to their positions in the business. True Wealth Design LLC bought a new stake in Assurant during the 3rd quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Assurant during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC boosted its position in Assurant by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Assurant by 219.1% in the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Assurant by 509.4% during the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 163 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

About Assurant

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.