Mountain Pacific Investment Advisers LLC grew its stake in shares of Assurant, Inc. (NYSE:AIZ – Free Report) by 12.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,549 shares of the financial services provider’s stock after acquiring an additional 3,376 shares during the quarter. Assurant comprises about 1.3% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 26th largest position. Mountain Pacific Investment Advisers LLC’s holdings in Assurant were worth $8,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the stock. Root Financial Partners LLC boosted its position in shares of Assurant by 27.5% in the first quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 53 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Assurant by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,739 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 54 shares during the period. Blackhawk Capital Partners LLC grew its holdings in Assurant by 2.5% in the first quarter. Blackhawk Capital Partners LLC now owns 2,223 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 55 shares during the period. Arlington Trust Co LLC increased its position in Assurant by 81.4% during the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Finally, Empirical Finance LLC increased its position in Assurant by 3.2% during the second quarter. Empirical Finance LLC now owns 1,960 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 60 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.
Assurant Stock Performance
NYSE AIZ opened at $295.55 on Wednesday. The firm has a market capitalization of $14.58 billion, a P/E ratio of 14.11 and a beta of 0.52. Assurant, Inc. has a 1-year low of $209.86 and a 1-year high of $303.94. 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 business’s 50-day simple moving average is $279.13 and its 200-day simple moving average is $255.18.
Assurant (NYSE:AIZ – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.75 by $1.40. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.73 EPS. Equities analysts predict that Assurant, Inc. will post 22.40 EPS for the current year.
Assurant Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 31st. Assurant’s payout ratio is 16.81%.
Wall Street Analyst Weigh In
AIZ has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Truist Financial boosted their price objective on shares of Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Assurant from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Weiss Ratings upgraded Assurant from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Piper Sandler increased their target price on Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, Assurant has an average rating of “Buy” and a consensus target price of $324.29.
Check Out Our Latest Research Report on AIZ
Assurant News Summary
Here are the key news stories impacting Assurant this week:
- Positive Sentiment: Adjusted earnings were about $6.15 per share, versus analysts’ $4.75 estimate, while revenue of $3.53 billion topped the $3.48 billion consensus and rose 9.2% year over year. Assurant Beats Q3 Earnings and Revenue Estimates
- Positive Sentiment: Assurant raised its full-year outlook. For the first nine months of 2026, adjusted EBITDA increased 26% year over year and adjusted earnings per diluted share rose 34%, indicating solid year-to-date growth. Assurant Raises Full-Year Outlook
- Positive Sentiment: Quarterly adjusted EBITDA was $464.4 million, up 8%; excluding reportable catastrophes, it rose 12%. GAAP net income increased 4% to $275.2 million. Assurant Q3 Results
Insiders Place Their Bets
In other Assurant news, EVP Biju Nair sold 3,931 shares of Assurant stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $302.46, for a total transaction of $1,188,970.26. Following the transaction, the executive vice president directly owned 24,247 shares of the company’s stock, valued at $7,333,747.62. The trade was a 13.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.
About Assurant
Assurant, Inc (NYSE:AIZ) is a global business services company that provides insurance products and related services. Its offerings are designed to help consumers protect mobile devices, household belongings, vehicles, homes and other significant purchases, while supporting businesses in managing risk and customer relationships.
Assurant operates through three primary business segments: Global Lifestyle, Global Housing and Global Preneed. Global Lifestyle provides mobile device protection, extended service contracts and related services for consumer electronics, appliances and vehicles.
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