Healthcare of Ontario Pension Plan Trust Fund Has $686,000 Stock Position in Assurant, Inc. $AIZ

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 89.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,151 shares of the financial services provider’s stock after selling 25,828 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Assurant were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIZ. Jones Financial Companies Lllp grew its position in shares of Assurant by 606.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,060 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 910 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Assurant by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 290,759 shares of the financial services provider’s stock worth $60,987,000 after acquiring an additional 47,548 shares during the period. United Services Automobile Association bought a new stake in Assurant in the 1st quarter valued at $203,000. Focus Partners Wealth increased its holdings in Assurant by 66.6% during the 1st quarter. Focus Partners Wealth now owns 2,648 shares of the financial services provider’s stock worth $556,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Assurant by 57.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 67 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIZ has been the subject of a number of research reports. Piper Sandler reiterated an “overweight” rating on shares of Assurant in a report on Monday, June 22nd. Royal Bank Of Canada set a $310.00 price objective on shares of Assurant in a research report on Wednesday, June 17th. Morgan Stanley raised their target price on shares of Assurant from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Keefe, Bruyette & Woods upped their target price on Assurant from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $291.43.

Insider Activity at Assurant

In related news, CAO Dimitry Dirienzo sold 2,000 shares of Assurant stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $255.68, for a total transaction of $511,360.00. Following the completion of the sale, the chief accounting officer owned 2,741 shares of the company’s stock, valued at approximately $700,818.88. The trade was a 42.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jay Rosenblum sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $251.77, for a total transaction of $503,540.00. Following the completion of the transaction, the executive vice president owned 12,764 shares in the company, valued at approximately $3,213,592.28. This trade represents a 13.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 36,000 shares of company stock worth $9,211,620. 0.54% of the stock is currently owned by corporate insiders.

Assurant Stock Performance

Shares of NYSE AIZ opened at $279.71 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13.86 billion, a P/E ratio of 14.31 and a beta of 0.55. Assurant, Inc. has a 12 month low of $184.15 and a 12 month high of $284.64. The stock has a 50 day moving average of $266.87 and a 200-day moving average of $242.67.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.66. Assurant had a return on equity of 20.32% and a net margin of 7.60%.The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the firm posted $5.79 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Assurant, Inc. will post 21.04 EPS for the current year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 8th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 8th. Assurant’s dividend payout ratio (DPR) is currently 18.01%.

Assurant Company Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.