Assurant CFO Christopher J. Pagano Unloads 1,250 Shares (AIZ)
Assurant (NYSE:AIZ) CFO Christopher J. Pagano sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $66.91, for a total transaction of $83,637.50. Following the completion of the transaction, the chief financial officer now directly owns 77,166 shares in the company, valued at approximately $5,163,177. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
AIZ has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Assurant in a research note on Monday, July 28th. They now have a $69.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “neutral” rating on shares of Assurant in a research note on Thursday, July 17th. They now have a $67.00 price target on the stock, down previously from $74.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Assurant in a research note on Tuesday, July 1st. They now have a $73.00 price target on the stock, up previously from $66.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $67.29.
Shares of Assurant (NYSE:AIZ) traded down 0.64% on Wednesday, hitting $66.41. The stock had a trading volume of 442,972 shares. Assurant has a 1-year low of $53.05 and a 1-year high of $69.71. The stock has a 50-day moving average of $65.25 and a 200-day moving average of $66.04. The company has a market cap of $4.740 billion and a price-to-earnings ratio of 9.61.
Assurant (NYSE:AIZ) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.04. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that Assurant will post $6.29 EPS for the current fiscal year.
Assurant, Inc (NYSE:AIZ) is a provider of specialized insurance products and related services in North America and select worldwide markets.
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