1,340 Shares in Assurant, Inc. (NYSE:AIZ) Bought by Menard Financial Group LLC

Menard Financial Group LLC acquired a new stake in shares of Assurant, Inc. (NYSE:AIZ) during the second quarter, Holdings Channel.com reports. The firm acquired 1,340 shares of the financial services provider’s stock, valued at approximately $223,000.

Other hedge funds have also bought and sold shares of the company. Innealta Capital LLC bought a new position in Assurant during the second quarter valued at $31,000. Assetmark Inc. bought a new position in Assurant during the fourth quarter valued at $44,000. Quarry LP bought a new position in Assurant during the fourth quarter valued at $51,000. Family Firm Inc. bought a new position in Assurant during the second quarter valued at $51,000. Finally, Blue Trust Inc. increased its position in Assurant by 40.1% during the second quarter. Blue Trust Inc. now owns 353 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AIZ shares. UBS Group boosted their price objective on shares of Assurant from $210.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods boosted their target price on shares of Assurant from $186.00 to $194.00 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. Bank of America lowered their target price on shares of Assurant from $223.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Piper Sandler lowered shares of Assurant from an “overweight” rating to a “neutral” rating and set a $200.00 target price for the company. in a research note on Thursday, August 22nd. Finally, StockNews.com raised shares of Assurant from a “hold” rating to a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.60.

Assurant Stock Up 0.5 %

NYSE:AIZ opened at $192.24 on Monday. Assurant, Inc. has a 1-year low of $137.50 and a 1-year high of $199.50. The company has a 50-day moving average of $180.81 and a 200 day moving average of $176.85. The firm has a market cap of $9.99 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.60 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) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.89 billion. During the same period in the prior year, the firm earned $3.89 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Assurant, Inc. will post 16.54 EPS for the current fiscal year.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, September 3rd. Assurant’s dividend payout ratio (DPR) is presently 20.10%.

Insider Buying and Selling

In other Assurant news, EVP Martin Jenns sold 1,500 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $178.13, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $188.44, for a total transaction of $103,642.00. Following the completion of the sale, the chief accounting officer now directly owns 3,152 shares of the company’s stock, valued at $593,962.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Martin Jenns sold 1,500 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $178.13, for a total transaction of $267,195.00. Following the sale, the executive vice president now directly owns 4,027 shares of the company’s stock, valued at $717,329.51. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

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.