Assurant, Inc. (NYSE:AIZ) CAO Sells $365,304.36 in Stock

Assurant, Inc. (NYSE:AIZ) CAO Dimitry Dirienzo sold 2,084 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $175.29, for a total value of $365,304.36. Following the completion of the transaction, the chief accounting officer now owns 3,702 shares in the company, valued at $648,923.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Assurant Stock Performance

Shares of Assurant stock opened at $166.76 on Friday. The company has a market capitalization of $8.67 billion, a PE ratio of 11.64, a PEG ratio of 1.71 and a beta of 0.53. Assurant, Inc. has a 12 month low of $118.45 and a 12 month high of $189.48. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $177.40 and its 200 day simple moving average is $172.18.

Assurant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.73%. Assurant’s dividend payout ratio is 20.10%.

Institutional Trading of Assurant

Several hedge funds and other institutional investors have recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of Assurant in the 1st quarter valued at about $270,000. Tidal Investments LLC raised its stake in shares of Assurant by 256.5% in the 1st quarter. Tidal Investments LLC now owns 8,979 shares of the financial services provider’s stock valued at $1,690,000 after purchasing an additional 6,460 shares during the period. Redwood Investment Management LLC acquired a new stake in shares of Assurant in the 1st quarter valued at about $1,513,000. Bayesian Capital Management LP acquired a new stake in shares of Assurant in the 1st quarter valued at about $1,058,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Assurant in the 1st quarter valued at about $295,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AIZ shares. UBS Group raised their price target on Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Piper Sandler raised their price target on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Keefe, Bruyette & Woods raised their price objective on Assurant from $182.00 to $186.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Assurant has an average rating of “Moderate Buy” and a consensus target price of $200.25.

Assurant Company 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.