Insider Selling: Assurant, Inc. (NYSE:AIZ) COO Sells 6,700 Shares of Stock

Assurant, Inc. (NYSE:AIZ) COO Francesca Luthi sold 6,700 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $176.36, for a total transaction of $1,181,612.00. Following the completion of the sale, the chief operating officer now owns 10,748 shares of the company’s stock, valued at $1,895,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Assurant Price Performance

Shares of NYSE AIZ opened at $169.51 on Thursday. Assurant, Inc. has a fifty-two week low of $118.45 and a fifty-two week high of $189.48. The company has a 50 day simple moving average of $177.66 and a two-hundred day simple moving average of $172.22. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.42, a quick ratio of 0.39 and a current ratio of 0.39.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Assurant

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Swedbank AB bought a new position in shares of Assurant during the first quarter valued at approximately $270,000. Tidal Investments LLC increased its stake in shares of Assurant by 256.5% during the first quarter. Tidal Investments LLC now owns 8,979 shares of the financial services provider’s stock valued at $1,690,000 after purchasing an additional 6,460 shares in the last quarter. Redwood Investment Management LLC bought a new position in shares of Assurant during the first quarter valued at approximately $1,513,000. Bayesian Capital Management LP bought a new stake in shares of Assurant during the first quarter valued at approximately $1,058,000. Finally, Paloma Partners Management Co bought a new stake in shares of Assurant during the first quarter valued at approximately $295,000. Institutional investors own 92.65% of the company’s stock.

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.