Compound Planning Inc. Purchases 160 Shares of Assurant, Inc. $AIZ

Compound Planning Inc. lifted its position in shares of Assurant, Inc. (NYSE:AIZ) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,384 shares of the financial services provider’s stock after buying an additional 160 shares during the quarter. Compound Planning Inc.’s holdings in Assurant were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIZ. Norinchukin Bank The boosted its position in Assurant by 15.2% during the first quarter. Norinchukin Bank The now owns 2,725 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 360 shares in the last quarter. CW Advisors LLC boosted its position in Assurant by 3.4% during the first quarter. CW Advisors LLC now owns 6,199 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 201 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Assurant by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 889,310 shares of the financial services provider’s stock valued at $186,533,000 after purchasing an additional 72,046 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in Assurant during the first quarter valued at about $1,836,000. Finally, Hsbc Holdings PLC boosted its position in Assurant by 7.6% during the first quarter. Hsbc Holdings PLC now owns 115,602 shares of the financial services provider’s stock valued at $24,231,000 after purchasing an additional 8,171 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Insider Activity

In other news, CAO Dimitry Dirienzo sold 950 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $204.96, for a total value of $194,712.00. Following the completion of the transaction, the chief accounting officer directly owned 3,135 shares in the company, valued at $642,549.60. This trade represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jay Rosenblum sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $208.53, for a total value of $813,267.00. Following the completion of the transaction, the executive vice president owned 7,875 shares of the company’s stock, valued at approximately $1,642,173.75. The trade was a 33.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Assurant from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Benchmark assumed coverage on Assurant in a research report on Tuesday, August 12th. They set a “buy” rating on the stock. Stephens assumed coverage on Assurant in a research report on Tuesday, August 12th. They set an “overweight” rating on the stock. BMO Capital Markets assumed coverage on Assurant in a research report on Tuesday, August 12th. They set an “outperform” rating and a $238.00 price objective on the stock. Finally, Zacks Research raised Assurant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.29.

Assurant Trading Up 0.9%

Assurant stock opened at $216.12 on Thursday. The stock has a 50-day moving average of $197.16 and a two-hundred day moving average of $199.15. 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 one year low of $174.97 and a one year high of $230.55. The stock has a market cap of $10.91 billion, a PE ratio of 15.65 and a beta of 0.58.

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

Assurant Dividend Announcement

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

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.