Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.33 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Assurant, Inc. (NYSE:AIZ) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,905 shares of the financial services provider’s stock after selling 370 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Assurant were worth $2,325,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AIZ. True Wealth Design LLC acquired a new stake in Assurant in the 3rd quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Assurant during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its position in shares of Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Assurant by 219.1% in the fourth quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider’s stock valued at $32,000 after buying an additional 103 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Assurant in the third quarter valued at approximately $42,000. Institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

AIZ has been the topic of a number of recent research reports. Truist Financial raised their price objective on Assurant from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley assumed coverage on Assurant in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $251.00 price target on the stock. StockNews.com cut shares of Assurant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods raised shares of Assurant from a “market perform” rating to an “outperform” rating and raised their target price for the company from $212.00 to $230.00 in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $234.17.

Assurant Stock Performance

NYSE:AIZ opened at $209.43 on Tuesday. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $208.84 and its 200 day simple moving average is $206.83. The firm has a market capitalization of $10.64 billion, a PE ratio of 14.47 and a beta of 0.61.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. On average, analysts anticipate that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.20 annualized dividend and a dividend yield of 1.53%. Assurant’s dividend payout ratio (DPR) is presently 22.11%.

Insider Activity

In other Assurant news, EVP Biju Nair sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the transaction, the executive vice president now owns 17,708 shares of the company’s stock, valued at $3,568,162. This represents a 14.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.

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.