GHP Investment Advisors Inc. Sells 136 Shares of Assurant, Inc. (NYSE:AIZ)

GHP Investment Advisors Inc. trimmed its holdings in shares of Assurant, Inc. (NYSE:AIZ) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,455 shares of the financial services provider’s stock after selling 136 shares during the period. GHP Investment Advisors Inc.’s holdings in Assurant were worth $3,670,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Assurant during the second quarter valued at approximately $31,000. Richardson Financial Services Inc. boosted its holdings in shares of Assurant by 62.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Family Firm Inc. bought a new position in shares of Assurant in the second quarter valued at $51,000. Covestor Ltd increased its holdings in Assurant by 35.7% during the first quarter. Covestor Ltd now owns 346 shares of the financial services provider’s stock worth $65,000 after buying an additional 91 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Assurant by 40.1% during the second quarter. Blue Trust Inc. now owns 353 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Insiders Place Their Bets

In other Assurant news, CAO Dimitry Dirienzo sold 550 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $188.44, for a total transaction of $103,642.00. Following the transaction, the chief accounting officer now owns 3,152 shares in the company, valued at $593,962.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Dimitry Dirienzo sold 550 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $188.44, for a total value of $103,642.00. Following the completion of the sale, the chief accounting officer now directly owns 3,152 shares in the company, valued at approximately $593,962.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Martin Jenns sold 1,500 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $178.13, for a total value of $267,195.00. Following the transaction, the executive vice president now owns 4,027 shares in the company, valued at approximately $717,329.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Assurant Trading Down 1.5 %

Shares of NYSE:AIZ opened at $191.77 on Friday. Assurant, Inc. has a 12-month low of $145.48 and a 12-month high of $201.55. The business has a 50 day moving average of $194.20 and a 200-day moving average of $179.73. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The stock has a market cap of $9.97 billion, a PE ratio of 13.38, a P/E/G ratio of 1.61 and a beta of 0.57.

Assurant (NYSE:AIZ) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.50. Assurant had a return on equity of 19.63% and a net margin of 6.90%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the company posted $3.89 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Assurant, Inc. will post 16.54 earnings per share for the current year.

Assurant Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, September 3rd. Assurant’s dividend payout ratio is 20.10%.

Analyst Ratings Changes

A number of brokerages have recently commented on AIZ. Piper Sandler lifted their price objective on shares of Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Assurant from $186.00 to $194.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. StockNews.com lowered Assurant from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. UBS Group lifted their target price on Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Bank of America increased their price target on Assurant from $228.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Assurant presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.60.

Assurant 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.