Assurant, Inc. (NYSE:AIZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of Assurant, Inc. (NYSE:AIZ) have been assigned an average recommendation of “Moderate Buy” from the four research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $199.25.

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Piper Sandler increased their target price on shares of Assurant from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods cut shares of Assurant from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $170.00 to $182.00 in a report on Monday, February 12th.

Assurant Trading Down 1.1 %

NYSE:AIZ opened at $176.54 on Friday. 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 has a one year low of $118.45 and a one year high of $189.48. The company has a market cap of $9.18 billion, a PE ratio of 14.74, a PEG ratio of 2.23 and a beta of 0.53. The firm has a 50-day moving average of $178.61 and a 200-day moving average of $170.66.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.88. Assurant had a return on equity of 18.36% and a net margin of 5.77%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. As a group, equities research analysts expect that Assurant will post 15.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIZ. BKM Wealth Management LLC bought a new stake in shares of Assurant in the 4th quarter worth approximately $25,000. Harvest Fund Management Co. Ltd increased its position in 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 in the fourth quarter valued at $40,000. Assetmark Inc. purchased a new position in shares of Assurant during the 4th quarter valued at $44,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Assurant by 52.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 106 shares during the period. Institutional investors own 92.65% of the company’s stock.

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.