Forte Capital LLC ADV Sells 150 Shares of Assurant, Inc. (NYSE:AIZ)

Forte Capital LLC ADV lowered its stake in Assurant, Inc. (NYSE:AIZ) by 8.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,598 shares of the financial services provider’s stock after selling 150 shares during the period. Forte Capital LLC ADV’s holdings in Assurant were worth $318,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AIZ. Janney Montgomery Scott LLC lifted its holdings in Assurant by 5.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,816 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 189 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Assurant by 15.8% in the first quarter. Daiwa Securities Group Inc. now owns 5,862 shares of the financial services provider’s stock worth $1,104,000 after buying an additional 801 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Assurant during the 1st quarter worth $99,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in Assurant by 62.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,503 shares of the financial services provider’s stock valued at $471,000 after buying an additional 959 shares during the last quarter. Finally, Csenge Advisory Group bought a new position in Assurant in the 1st quarter worth $340,000. Institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AIZ. Truist Financial upped their price target on shares of Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Bank of America boosted their price objective on Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler raised their target price on Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. UBS Group upped their price target on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Assurant currently has a consensus rating of “Moderate Buy” and an average target price of $221.60.

Insider Transactions at Assurant

In related news, EVP Martin Jenns sold 1,500 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $178.13, for a total value of $267,195.00. Following the sale, the executive vice president now owns 4,027 shares of the company’s stock, valued at $717,329.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of Assurant stock in a transaction on Monday, August 19th. The stock was sold at an average price of $188.44, for a total transaction 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 approximately $593,962.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Martin Jenns sold 1,500 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was 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 in the company, valued at approximately $717,329.51. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Assurant Trading Down 0.3 %

Shares of AIZ opened at $205.84 on Friday. The stock’s 50-day moving average price is $194.91 and its 200 day moving average price is $181.12. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 2.03 and a beta of 0.57. Assurant, Inc. has a 12-month low of $158.29 and a 12-month high of $208.67.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.48. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Assurant had a return on equity of 19.63% and a net margin of 6.90%. Assurant’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.29 earnings per share. As a group, research analysts predict that Assurant, Inc. will post 14.13 earnings per share for the current year.

Assurant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, September 3rd. Assurant’s dividend payout ratio is 19.19%.

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.