Assurant, Inc. $AIZ Shares Purchased by Optimize Financial Inc

Optimize Financial Inc boosted its holdings in Assurant, Inc. (NYSE:AIZ) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,832 shares of the financial services provider’s stock after acquiring an additional 97 shares during the period. Optimize Financial Inc’s holdings in Assurant were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Dean Capital Management grew its stake in Assurant by 2.5% in the 1st quarter. Dean Capital Management now owns 10,302 shares of the financial services provider’s stock valued at $2,161,000 after acquiring an additional 248 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Assurant during the 1st quarter worth about $311,000. United Services Automobile Association acquired a new stake in shares of Assurant during the 1st quarter worth about $203,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Assurant by 1,121.0% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,074 shares of the financial services provider’s stock worth $4,211,000 after purchasing an additional 18,430 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Assurant during the 1st quarter worth about $679,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Assurant

In related news, CAO Dimitry Dirienzo sold 950 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $204.96, for a total value of $194,712.00. Following the transaction, the chief accounting officer owned 3,135 shares in the company, valued at approximately $642,549.60. This trade represents a 23.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Keith Demmings sold 4,275 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $220.27, for a total transaction of $941,654.25. Following the completion of the transaction, the chief executive officer owned 98,372 shares in the company, valued at $21,668,400.44. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,400 shares of company stock worth $2,891,288. Company insiders own 0.51% of the company’s stock.

Assurant Price Performance

AIZ opened at $211.02 on Wednesday. The company’s 50 day simple moving average is $200.30 and its 200 day simple moving average is $199.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 0.40. Assurant, Inc. has a 1 year low of $174.97 and a 1 year high of $230.55. The stock has a market capitalization of $10.65 billion, a PE ratio of 15.28 and a beta of 0.55.

Assurant (NYSE:AIZ) last released its earnings results on Tuesday, August 5th. The financial services provider reported $5.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $1.13. Assurant had a net margin of 5.83% and a return on equity of 16.47%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company earned $4.77 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Assurant has set its FY 2025 guidance at 22.390-22.390 EPS. As a group, sell-side analysts expect that Assurant, Inc. will post 16.88 EPS for the current year.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Tuesday, September 2nd will be issued a $0.80 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $3.20 annualized dividend and a yield of 1.5%. Assurant’s dividend payout ratio (DPR) is presently 23.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AIZ shares. Morgan Stanley reaffirmed a “cautious” rating on shares of Assurant in a research note on Monday, August 18th. Zacks Research raised shares of Assurant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Stephens started coverage on shares of Assurant in a research note on Tuesday, August 12th. They set an “overweight” rating on the stock. Keefe, Bruyette & Woods raised their price target on shares of Assurant from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Finally, Benchmark assumed coverage on shares of Assurant in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $233.29.

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.