USA Financial Formulas Purchases New Position in Assurant, Inc. $AIZ

USA Financial Formulas acquired a new stake in Assurant, Inc. (NYSE:AIZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,433 shares of the financial services provider’s stock, valued at approximately $905,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC raised its position in shares of Assurant by 27.5% during the first quarter. Root Financial Partners LLC now owns 246 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 53 shares during the period. Oregon Public Employees Retirement Fund grew its position in Assurant by 0.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,739 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 54 shares during the period. Blackhawk Capital Partners LLC grew its position in Assurant by 2.5% in the 1st quarter. Blackhawk Capital Partners LLC now owns 2,223 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 55 shares during the period. Arlington Trust Co LLC grew its position in Assurant by 81.4% in the 2nd quarter. Arlington Trust Co LLC now owns 127 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Finally, Empirical Finance LLC increased its stake in Assurant by 3.2% during the 2nd quarter. Empirical Finance LLC now owns 1,960 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Insider Buying and Selling

In related news, EVP Biju Nair sold 3,931 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $302.46, for a total value of $1,188,970.26. Following the completion of the sale, the executive vice president directly owned 24,247 shares of the company’s stock, valued at approximately $7,333,747.62. This represents a 13.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Assurant News Roundup

Here are the key news stories impacting Assurant this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Assurant’s second quarter of 2027 to $6.13 from $6.08 and for the third quarter of 2028 to $5.88 from $5.86. The analyst team maintained its Strong-Buy rating.
• Positive Sentiment: Assurant’s latest reported quarter showed solid operating momentum: earnings of $6.41 per share exceeded the $5.17 consensus estimate, while revenue rose 9.4% year over year to $3.45 billion.
• Neutral Sentiment: Zacks’ current full-year earnings consensus for Assurant remains $22.40 per share. Its forecast for fiscal 2027 stands at $23.47 per share, indicating expected earnings growth despite a small downward revision from $23.50.
• Negative Sentiment: Zacks lowered several longer-term estimates, including fiscal 2028 EPS to $24.49 from $25.01, first-quarter 2028 EPS to $6.08 from $6.18, and second-quarter 2028 EPS to $5.99 from $6.44. It also made slight cuts to first-quarter 2027, third-quarter 2027 and fourth-quarter 2027 forecasts.

Wall Street Analyst Weigh In

A number of analysts have commented on AIZ shares. Truist Financial upped their price objective on shares of Assurant from $310.00 to $355.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group raised their price objective on shares of Assurant from $274.00 to $331.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Assurant from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Assurant from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Morgan Stanley decreased their target price on shares of Assurant from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, Assurant presently has a consensus rating of “Buy” and an average target price of $324.29.

Assurant Stock Performance

Shares of Assurant stock opened at $283.08 on Friday. The company has a market cap of $13.96 billion, a PE ratio of 13.52 and a beta of 0.52. Assurant, Inc. has a 52 week low of $206.03 and a 52 week high of $303.94. The business has a 50 day moving average price of $277.80 and a 200-day moving average price of $262.52. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $1.24. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. Assurant had a return on equity of 20.40% and a net margin of 7.90%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $5.56 earnings per share. Equities analysts anticipate that Assurant, Inc. will post 22.40 earnings per share for the current fiscal year.

Assurant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, August 31st were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 31st. Assurant’s dividend payout ratio is presently 16.81%.

Assurant Profile

Assurant, Inc is a global business services company that provides insurance products and related services supporting major purchases and everyday needs. Its offerings are distributed through partnerships with mobile carriers, retailers, automotive manufacturers and dealers, financial institutions, housing providers, and other businesses.

Through its Global Lifestyle business, Assurant provides mobile device protection, extended service contracts, vehicle service contracts, and related protection products.