Research analysts at Credit Suisse Group AG began coverage on shares of Assurant Inc. (NYSE:AIZ) in a note issued to investors on Friday. The brokerage set a “neutral” rating and a $93.00 price target on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 2.42% from the company’s current price.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Assurant from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Goldman Sachs Group Inc. lowered shares of Assurant to a “buy” rating and set a $95.00 target price on the stock. in a report on Sunday, July 17th. DOWLING & PARTN reissued a “neutral” rating on shares of Assurant in a report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $77.00 target price on shares of Assurant in a report on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $91.00.
Assurant (NYSE:AIZ) opened at 90.80 on Friday. Assurant has a one year low of $64.36 and a one year high of $92.63. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 13.40 and a beta of 0.76. The company has a 50-day moving average of $89.53 and a 200 day moving average of $85.68.
Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by $0.04. Assurant had a return on equity of 8.08% and a net margin of 4.97%. The business earned $1.80 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned $2.07 EPS. Assurant’s revenue for the quarter was down 32.0% compared to the same quarter last year. On average, analysts anticipate that Assurant will post $5.90 EPS for the current year.
In related news, SVP John Andrew Sondej sold 5,000 shares of Assurant stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $86.04, for a total transaction of $430,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher J. Pagano sold 6,000 shares of Assurant stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $89.76, for a total transaction of $538,560.00. Following the sale, the executive vice president now directly owns 70,149 shares in the company, valued at $6,296,574.24. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. increased its stake in Assurant by 60.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,470 shares of the company’s stock valued at $127,000 after buying an additional 555 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Assurant by 7.1% in the second quarter. State of Alaska Department of Revenue now owns 1,527 shares of the company’s stock valued at $131,000 after buying an additional 101 shares in the last quarter. FNY Managed Accounts LLC increased its stake in Assurant by 160.0% in the second quarter. FNY Managed Accounts LLC now owns 1,950 shares of the company’s stock valued at $168,000 after buying an additional 1,200 shares in the last quarter. Tuttle Tactical Management LLC acquired a new stake in Assurant during the second quarter valued at approximately $170,000. Finally, Invictus RG increased its stake in Assurant by 3,354.8% in the first quarter. Invictus RG now owns 2,142 shares of the company’s stock valued at $165,000 after buying an additional 2,080 shares in the last quarter. 94.52% of the stock is currently owned by institutional investors.
Assurant Company Profile
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