Assurant, Inc. (NYSE:AIZ) Stake Reduced by Edmp Inc.

Edmp Inc. trimmed its stake in Assurant, Inc. (NYSE:AIZ) by 2.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,173 shares of the financial services provider’s stock after selling 168 shares during the quarter. Assurant makes up about 1.5% of Edmp Inc.’s investment portfolio, making the stock its 28th largest holding. Edmp Inc.’s holdings in Assurant were worth $1,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC bought a new stake in Assurant in the 3rd quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Assurant in the fourth quarter worth approximately $28,000. Huntington National Bank boosted its stake in Assurant by 509.4% during the 3rd quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 163 shares in the last quarter. Brooklyn Investment Group bought a new position in Assurant during the 3rd quarter valued at $42,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Assurant during the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AIZ. Truist Financial raised their target price on Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Assurant from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their target price on shares of Assurant from $194.00 to $212.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley started coverage on shares of Assurant in a research note on Thursday, December 5th. They set an “equal weight” rating and a $251.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.50.

Assurant Trading Down 1.3 %

NYSE:AIZ opened at $212.44 on Tuesday. The stock has a market cap of $10.90 billion, a PE ratio of 15.15 and a beta of 0.62. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.42 and a quick ratio of 0.42. The stock’s 50-day moving average is $213.38 and its two-hundred day moving average is $201.85.

Assurant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, February 3rd will be paid a $0.80 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.20 annualized dividend and a yield of 1.51%. Assurant’s dividend payout ratio is presently 22.82%.

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.