Assurant, Inc. (NYSE:AIZ) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its holdings in Assurant, Inc. (NYSE:AIZ) by 11,480.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 464,952 shares of the financial services provider’s stock after purchasing an additional 460,937 shares during the quarter. Mizuho Securities USA LLC’s holdings in Assurant were worth $92,460,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in Assurant during the second quarter worth $31,000. Richardson Financial Services Inc. lifted its stake in Assurant by 62.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock valued at $33,000 after buying an additional 77 shares in the last quarter. Huntington National Bank boosted its holdings in Assurant by 509.4% in the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after buying an additional 163 shares during the last quarter. Family Firm Inc. purchased a new stake in Assurant during the 2nd quarter worth approximately $51,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Assurant during the third quarter valued at approximately $56,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Assurant news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $209.18, for a total value of $627,540.00. Following the sale, the executive vice president now owns 20,658 shares of the company’s stock, valued at $4,321,240.44. The trade was a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Dimitry Dirienzo sold 550 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the transaction, the chief accounting officer now directly owns 3,152 shares in the company, valued at approximately $593,962.88. The trade was a 14.86 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Assurant Trading Up 1.6 %

Shares of AIZ stock opened at $218.82 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. Assurant, Inc. has a twelve month low of $159.32 and a twelve month high of $219.05. The company’s 50-day moving average price is $197.03 and its 200-day moving average price is $182.72. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.12 and a beta of 0.57.

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, beating the consensus estimate of $2.52 by $0.48. The company 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 period in the previous year, the business posted $4.29 EPS. As a group, equities analysts predict that Assurant, Inc. will post 15.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AIZ shares. StockNews.com lowered Assurant from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Piper Sandler upped their target price on shares of Assurant from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Bank of America increased their target price on shares of Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Truist Financial boosted their price target 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. Finally, UBS Group increased their price objective on shares of Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.20.

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.