Jamison Private Wealth Management Inc. Takes $68,000 Position in Assurant, Inc. (NYSE:AIZ)

Jamison Private Wealth Management Inc. bought a new stake in Assurant, Inc. (NYSE:AIZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 405 shares of the financial services provider’s stock, valued at approximately $68,000.

Several other hedge funds have also recently added to or reduced their stakes in AIZ. BKM Wealth Management LLC acquired a new position in Assurant during the fourth quarter worth about $25,000. Parkside Financial Bank & Trust lifted its position in shares of Assurant by 353.8% in the first quarter. Parkside Financial Bank & Trust now owns 177 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in Assurant by 104.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 178 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in Assurant in the 2nd quarter valued at approximately $32,000. Finally, Covestor Ltd boosted its stake in shares of Assurant by 229.9% during the 2nd quarter. Covestor Ltd now owns 254 shares of the financial services provider’s stock valued at $32,000 after buying an additional 177 shares during the period. Institutional investors own 92.65% of the company’s stock.

Assurant Trading Up 0.8 %

Shares of AIZ traded up $1.42 during trading hours on Tuesday, hitting $182.91. 238,098 shares of the stock were exchanged, compared to its average volume of 367,641. The business has a 50-day moving average of $174.77 and a 200-day moving average of $163.33. Assurant, Inc. has a fifty-two week low of $113.72 and a fifty-two week high of $185.43. The firm has a market capitalization of $9.51 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41.

Assurant (NYSE:AIZ) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.88. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. Assurant had a net margin of 5.77% and a return on equity of 18.36%. On average, research analysts expect that Assurant, Inc. will post 16.02 EPS for the current year.

Assurant Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, February 5th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, February 2nd. Assurant’s dividend payout ratio (DPR) is 24.04%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIZ. Piper Sandler increased their price objective on shares of Assurant from $185.00 to $192.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. UBS Group increased their target price 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, Keefe, Bruyette & Woods downgraded Assurant from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $170.00 to $182.00 in a research note on Monday, February 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $189.60.

About Assurant

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.