Hartford Investment Management Co. Has $953,000 Holdings in Assurant, Inc. (NYSE:AIZ)

Hartford Investment Management Co. lowered its stake in Assurant, Inc. (NYSE:AIZ) by 5.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,793 shares of the financial services provider’s stock after selling 267 shares during the quarter. Hartford Investment Management Co.’s holdings in Assurant were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIZ. Innealta Capital LLC acquired a new stake in shares of Assurant in the second quarter worth about $31,000. Richardson Financial Services Inc. lifted its position in shares of Assurant by 62.1% in the second quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Assurant in the second quarter worth about $51,000. Blue Trust Inc. increased its stake in shares of Assurant by 40.1% in the second quarter. Blue Trust Inc. now owns 353 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 101 shares during the period. Finally, Covestor Ltd increased its stake in shares of Assurant by 35.7% in the first quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

AIZ has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Assurant from $186.00 to $194.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Piper Sandler lifted their price objective on Assurant from $200.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. StockNews.com lowered Assurant from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Bank of America lifted their price objective on Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, UBS Group lifted their price objective on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.60.

Assurant Trading Down 1.5 %

Shares of AIZ opened at $191.77 on Friday. Assurant, Inc. has a 12-month low of $145.48 and a 12-month high of $201.55. 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 $9.97 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.61 and a beta of 0.57. The stock’s 50-day moving average price is $194.20 and its 200 day moving average price is $179.73.

Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.50. Assurant had a return on equity of 19.63% and a net margin of 6.90%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the company posted $3.89 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Assurant, Inc. will post 16.54 earnings per share for the current year.

Assurant Dividend Announcement

The business 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. The ex-dividend date was Tuesday, September 3rd. This represents a $2.88 annualized dividend and a dividend yield of 1.50%. Assurant’s dividend payout ratio is currently 20.10%.

Insider Activity

In other news, EVP Martin Jenns sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the sale, the executive vice president now directly owns 4,027 shares in the company, valued at approximately $717,329.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Martin Jenns sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the sale, the executive vice president now directly owns 4,027 shares in the company, valued at approximately $717,329.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Dimitry Dirienzo sold 550 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $188.44, for a total value of $103,642.00. Following the completion of the sale, the chief accounting officer now owns 3,152 shares in the company, valued at approximately $593,962.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

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.