Edmp Inc. Sells 215 Shares of Assurant, Inc. $AIZ

Edmp Inc. lessened its position in shares of Assurant, Inc. (NYSE:AIZ) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,824 shares of the financial services provider’s stock after selling 215 shares during the period. Edmp Inc.’s holdings in Assurant were worth $1,348,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC grew its holdings in shares of Assurant by 49.1% in the 1st quarter. Yousif Capital Management LLC now owns 10,187 shares of the financial services provider’s stock valued at $2,137,000 after acquiring an additional 3,356 shares in the last quarter. CX Institutional acquired a new stake in Assurant in the 1st quarter valued at about $131,000. Fifth Third Bancorp lifted its stake in Assurant by 4.6% in the 1st quarter. Fifth Third Bancorp now owns 2,079 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 91 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Assurant by 1.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,135 shares of the financial services provider’s stock valued at $1,287,000 after purchasing an additional 101 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Assurant by 29.6% in the 1st quarter. Ritholtz Wealth Management now owns 5,248 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 1,199 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AIZ. Weiss Ratings restated a “buy (b-)” rating on shares of Assurant in a research report on Wednesday, October 8th. Benchmark began coverage on shares of Assurant in a research report on Tuesday, August 12th. They set a “buy” rating for the company. Stephens began coverage on shares of Assurant in a research report on Tuesday, August 12th. They set an “overweight” rating for the company. Zacks Research upgraded shares of Assurant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, UBS Group raised their price objective on shares of Assurant from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Assurant currently has a consensus rating of “Buy” and an average price target of $243.00.

Insiders Place Their Bets

In other Assurant news, CAO Dimitry Dirienzo sold 950 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $204.96, for a total transaction of $194,712.00. Following the sale, the chief accounting officer owned 3,135 shares of the company’s stock, valued at approximately $642,549.60. The trade was a 23.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Keith Demmings sold 13,725 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $220.52, for a total transaction of $3,026,637.00. Following the sale, the chief executive officer directly owned 84,647 shares in the company, valued at approximately $18,666,356.44. The trade was a 13.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,125 shares of company stock valued at $5,917,925. 0.51% of the stock is currently owned by insiders.

Assurant Stock Performance

Shares of NYSE:AIZ opened at $217.70 on Tuesday. The company’s 50 day simple moving average is $212.91 and its 200 day simple moving average is $200.74. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 15.76 and a beta of 0.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.40 and a quick ratio of 0.40. Assurant, Inc. has a 1 year low of $174.97 and a 1 year high of $230.55.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Thursday, March 24th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter. The business had revenue of $2.42 billion for the quarter. Assurant had a net margin of 5.83% and a return on equity of 16.47%. Assurant has set its FY 2022 guidance at $13.062-$13.512 EPS. As a group, research analysts predict that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Assurant’s payout ratio is presently 23.17%.

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.