Assurant, Inc. (NYSE:AIZ) Insider Sells $475,524.00 in Stock

Assurant, Inc. (NYSE:AIZGet Free Report) insider Robert Lonergan sold 2,700 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $176.12, for a total value of $475,524.00. Following the transaction, the insider now directly owns 19,786 shares in the company, valued at $3,484,710.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Assurant Stock Down 1.1 %

Shares of Assurant stock opened at $169.51 on Thursday. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.72 and a beta of 0.53. The stock has a 50-day simple moving average of $177.66 and a 200-day simple moving average of $172.22. Assurant, Inc. has a 52-week low of $118.45 and a 52-week high of $189.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.39 and a quick ratio of 0.39.

Institutional Trading of Assurant

A number of institutional investors have recently added to or reduced their stakes in the business. BKM Wealth Management LLC bought a new position in shares of Assurant during the 4th quarter valued at $25,000. Harvest Fund Management Co. Ltd lifted its position in shares of Assurant by 104.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock worth $26,000 after buying an additional 91 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Assurant during the 4th quarter worth about $40,000. Assetmark Inc. acquired a new position in shares of Assurant during the 4th quarter valued at about $44,000. Finally, Quarry LP bought a new position in shares of Assurant in the 4th quarter valued at approximately $51,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AIZ shares. Keefe, Bruyette & Woods upped their target price on Assurant from $182.00 to $186.00 and gave the company a “market perform” rating in a report on Wednesday, May 15th. Piper Sandler upped their price objective on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, UBS Group lifted their target price on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.25.

View Our Latest Stock Report on AIZ

Assurant Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Assurant (NYSE:AIZ)

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