Portfolio Design Labs LLC Purchases New Position in Assurant, Inc. $AIZ

Portfolio Design Labs LLC acquired a new position in Assurant, Inc. (NYSE:AIZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,423 shares of the financial services provider’s stock, valued at approximately $1,188,000.

Several other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. lifted its stake in Assurant by 1.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 349,361 shares of the financial services provider’s stock worth $84,144,000 after acquiring an additional 5,462 shares during the period. Strs Ohio increased its position in Assurant by 972.1% during the 4th quarter. Strs Ohio now owns 12,994 shares of the financial services provider’s stock valued at $3,130,000 after purchasing an additional 11,782 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Assurant by 146.7% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,140 shares of the financial services provider’s stock valued at $1,961,000 after purchasing an additional 4,840 shares during the period. Bank of America Corp DE raised its holdings in shares of Assurant by 1.3% in the 1st quarter. Bank of America Corp DE now owns 361,210 shares of the financial services provider’s stock valued at $78,675,000 after purchasing an additional 4,460 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in shares of Assurant by 35,088.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 9,501 shares of the financial services provider’s stock valued at $2,288,000 after purchasing an additional 9,474 shares in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Assurant from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada set a $310.00 price objective on shares of Assurant in a research note on Wednesday, June 17th. Piper Sandler upped their target price on Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Truist Financial increased their target price on Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded Assurant from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $316.57.

Insider Transactions at Assurant

In other Assurant news, EVP Nair Biju sold 3,931 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $302.46, for a total value of $1,188,970.26. Following the sale, the executive vice president directly owned 24,247 shares of the company’s stock, valued at approximately $7,333,747.62. This represents a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Lonergan sold 7,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $262.71, for a total value of $1,838,970.00. Following the sale, the executive vice president directly owned 27,374 shares in the company, valued at $7,191,423.54. This represents a 20.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,931 shares of company stock worth $3,539,300 over the last three months. 0.54% of the stock is currently owned by insiders.

Key Stories Impacting Assurant

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks upgraded Assurant (AIZ) to Rank #2, or “Buy,” citing improving earnings prospects. The upgrade may attract additional buying interest and provide near-term support for the stock. Assurant upgraded to Buy
• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $21.70 from $20.92, FY2027 EPS to $23.00 from $22.46, and FY2028 EPS to $24.74 from $24.44. It also increased estimates for select future quarters, signaling better-than-previously-expected earnings momentum.
• Neutral Sentiment: A Zacks value-investing analysis highlights the firm’s valuation, growth, momentum and earnings-estimate trends, but does not provide a new price target or a specific catalyst beyond the broader Zacks Rank methodology. Should value investors buy Assurant stock
• Negative Sentiment: Some quarterly forecasts were reduced, including Q3 2026 EPS to $4.36 from $4.39, Q4 2026 EPS to $4.98 from $5.43, and Q4 2027 EPS to $5.65 from $5.76. These cuts could temper enthusiasm, although they are offset by the higher full-year and longer-term estimates.

Assurant Price Performance

Shares of AIZ opened at $282.04 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. The company’s fifty day moving average price is $275.87 and its 200-day moving average price is $247.46. Assurant, Inc. has a 1-year low of $205.01 and a 1-year high of $303.94. The firm has a market capitalization of $13.91 billion, a PE ratio of 13.47 and a beta of 0.55.

Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $1.24. Assurant had a return on equity of 20.40% and a net margin of 7.90%.The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business posted $5.56 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Assurant, Inc. will post 21.74 EPS for the current year.

Assurant Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, August 31st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. Assurant’s dividend payout ratio (DPR) is presently 16.81%.

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.