Assurant, Inc. (NYSE:AIZ) Shares Sold by Hartford Investment Management Co.

Posted by Defense World Staff on Apr 2nd, 2023

Hartford Investment Management Co. decreased its stake in Assurant, Inc. (NYSE:AIZ – Get Rating) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,455 shares of the financial services provider’s stock after selling 411 shares during the period. Hartford Investment Management Co.’s holdings in Assurant were worth $682,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Assurant by 28.7% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,222 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 2,501 shares in the last quarter. Catalyst Financial Partners LLC acquired a new position in shares of Assurant in the 4th quarter valued at $206,000. Pendal Group Ltd acquired a new position in shares of Assurant in the 4th quarter valued at $399,000. Private Advisor Group LLC acquired a new position in shares of Assurant in the 4th quarter valued at $328,327,000. Finally, Exchange Traded Concepts LLC boosted its stake in Assurant by 2.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,713 shares of the financial services provider’s stock worth $464,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Insider Transactions at Assurant

In other news, CAO Dimitry Dirienzo sold 525 shares of the firm’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $131.68, for a total value of $69,132.00. Following the completion of the sale, the chief accounting officer now owns 5,881 shares in the company, valued at approximately $774,410.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

AIZ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of Assurant from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Tuesday, March 21st. StockNews.com initiated coverage on shares of Assurant in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Piper Sandler reiterated a “neutral” rating and set a $133.00 price target on shares of Assurant in a research note on Wednesday, February 8th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Assurant currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Assurant Stock Up 1.2 %

AIZ stock opened at $120.07 on Friday. Assurant, Inc. has a one year low of $104.49 and a one year high of $194.12. The stock has a market capitalization of $6.35 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 0.86 and a beta of 0.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.42 and a current ratio of 0.42. The company has a fifty day moving average of $124.71 and a 200-day moving average of $131.06.

Assurant Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Monday, February 27th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Friday, February 24th. Assurant’s dividend payout ratio (DPR) is presently 56.57%.

About Assurant

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Assurant, Inc engages in the provision of lifestyle and housing solutions of consumer purchases. It operates through Global Lifestyle and Global Housing segments. The Global Lifestyle segment offers mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances, vehicle protection and related services.