Assurant, Inc. $AIZ Stock Holdings Raised by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Assurant, Inc. (NYSE:AIZ) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,044 shares of the financial services provider’s stock after purchasing an additional 1,759 shares during the quarter. Calamos Advisors LLC’s holdings in Assurant were worth $28,206,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in shares of Assurant during the 3rd quarter worth about $26,000. Latitude Advisors LLC bought a new position in Assurant in the 3rd quarter worth approximately $26,000. First Bancorp Inc ME bought a new position in Assurant in the 2nd quarter worth approximately $31,000. Western Wealth Management LLC acquired a new position in shares of Assurant during the first quarter worth approximately $33,000. Finally, Arlington Trust Co LLC boosted its position in shares of Assurant by 81.4% in the second quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. 92.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AIZ. Zacks Research raised shares of Assurant from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. Truist Financial upped their target price on Assurant from $310.00 to $355.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Piper Sandler lifted their price target on shares of Assurant from $290.00 to $329.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. UBS Group boosted their price target on shares of Assurant from $274.00 to $331.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Assurant from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, Assurant has an average rating of “Buy” and a consensus price target of $327.14.

Assurant Trading Down 0.0%

NYSE:AIZ traded down $0.10 during trading hours on Friday, hitting $306.77. The stock had a trading volume of 468,250 shares, compared to its average volume of 349,747. Assurant, Inc. has a one year low of $209.86 and a one year high of $316.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 14.43 and a beta of 0.52. The business’s 50 day moving average is $280.40 and its 200-day moving average is $256.27.

Assurant (NYSE:AIZ) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.75 by $1.40. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period last year, the firm posted $5.73 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts anticipate that Assurant, Inc. will post 22.40 EPS for the current fiscal 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 issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, August 31st. Assurant’s dividend payout ratio is 16.56%.

Assurant Profile

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.