SC&H Financial Advisors Inc. Buys Shares of 1,110 Assurant, Inc. (NYSE:AIZ)

SC&H Financial Advisors Inc. purchased a new position in shares of Assurant, Inc. (NYSE:AIZ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,110 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Financial Partners LLC increased its stake in Assurant by 4.2% in the 2nd quarter. Catalyst Financial Partners LLC now owns 1,466 shares of the financial services provider’s stock valued at $244,000 after buying an additional 59 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Assurant by 3.3% during the 1st quarter. Empirical Finance LLC now owns 1,980 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 64 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Assurant by 1.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,373 shares of the financial services provider’s stock worth $1,200,000 after buying an additional 73 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Assurant by 62.1% during the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after buying an additional 77 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Assurant by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,919 shares of the financial services provider’s stock valued at $1,376,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Assurant Stock Down 0.3 %

Shares of Assurant stock opened at $193.60 on Tuesday. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.61 and a beta of 0.57. The stock’s 50-day moving average is $194.31 and its 200 day moving average is $179.89. 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, Inc. has a one year low of $146.39 and a one year high of $201.55.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $4.08 EPS for the quarter, topping the consensus estimate of $3.58 by $0.50. Assurant had a net margin of 6.90% and a return on equity of 19.63%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm posted $3.89 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Assurant, Inc. will post 16.54 EPS for the current year.

Assurant Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.88 annualized dividend and a dividend yield of 1.49%. Assurant’s dividend payout ratio is currently 20.10%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AIZ shares. StockNews.com cut Assurant from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Bank of America lifted their price target 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. UBS Group increased their price target on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods upped their target price on Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Finally, Piper Sandler increased their target price on Assurant from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Assurant presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.60.

Insider Transactions at Assurant

In related news, EVP Martin Jenns sold 1,500 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 4,027 shares of the company’s stock, valued at $717,329.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Dimitry Dirienzo sold 550 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,152 shares of the company’s stock, valued at $593,962.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Martin Jenns sold 1,500 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 4,027 shares of the company’s stock, valued at $717,329.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.