ORG Wealth Partners LLC Purchases Shares of 621 Assurant, Inc. (NYSE:AIZ)

ORG Wealth Partners LLC acquired a new stake in Assurant, Inc. (NYSE:AIZ) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 621 shares of the financial services provider’s stock, valued at approximately $123,000.

Several other large investors also recently modified their holdings of the stock. Catalyst Financial Partners LLC grew its stake in shares of Assurant by 4.2% in the 2nd quarter. Catalyst Financial Partners LLC now owns 1,466 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 59 shares during the period. Empirical Finance LLC grew its position in Assurant by 3.3% during the 1st quarter. Empirical Finance LLC now owns 1,980 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 64 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Assurant by 1.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,373 shares of the financial services provider’s stock worth $1,200,000 after acquiring an additional 73 shares during the last quarter. Richardson Financial Services Inc. grew its position in Assurant by 62.1% during the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 77 shares during the last quarter. Finally, Covestor Ltd grew its position in Assurant by 35.7% during the 1st quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 91 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Assurant from $186.00 to $194.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. Bank of America increased their price objective on Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Sandler increased their price objective on Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. UBS Group increased their price objective on Assurant from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, StockNews.com upgraded Assurant from a “hold” rating to a “buy” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.60.

Assurant Stock Performance

AIZ stock opened at $192.87 on Tuesday. The business’s fifty day moving average is $191.26 and its 200-day moving average is $178.96. 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 company has a market cap of $10.03 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.61 and a beta of 0.57. Assurant, Inc. has a twelve month low of $144.61 and a twelve month high of $201.55.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $4.08 EPS for the quarter, topping the consensus estimate of $3.58 by $0.50. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Assurant had a return on equity of 19.63% and a net margin of 6.90%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.89 EPS. Equities research analysts forecast that Assurant, Inc. will post 16.54 EPS for the current year.

Assurant Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, September 3rd. Assurant’s payout ratio is presently 20.10%.

Insider Buying and Selling

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of Assurant stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the sale, the chief accounting officer now owns 3,152 shares of the company’s stock, valued at $593,962.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of Assurant stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the sale, the chief accounting officer now owns 3,152 shares of the company’s stock, valued at $593,962.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Martin Jenns sold 1,500 shares of Assurant 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 completion of the sale, the executive vice president now directly owns 4,027 shares in the company, valued at $717,329.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

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.