Assurant Inc. (AIZ) Now Covered by Credit Suisse Group AG
Stock analysts at Credit Suisse Group AG began coverage on shares of Assurant Inc. (NYSE:AIZ) in a report released on Friday. The firm set a “neutral” rating and a $93.00 price target on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 3.40% from the stock’s previous close.
A number of other analysts have also commented on the company. Goldman Sachs Group Inc. lowered Assurant to a “buy” rating and set a $95.00 price target on the stock. in a report on Sunday, July 17th. Zacks Investment Research lowered Assurant from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. DOWLING & PARTN reiterated a “neutral” rating on shares of Assurant in a report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $77.00 price target on shares of Assurant in a report on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $91.00.
Assurant (NYSE:AIZ) traded down 0.36% during mid-day trading on Friday, hitting $89.62. The stock had a trading volume of 93,733 shares. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 13.23 and a beta of 0.76. The firm’s 50-day moving average is $89.31 and its 200 day moving average is $85.40. Assurant has a 12 month low of $64.36 and a 12 month high of $92.63.
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Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, July 26th. The company reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.46 by $0.04. Assurant had a net margin of 4.97% and a return on equity of 8.08%. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business earned $2.07 EPS. The firm’s revenue for the quarter was down 32.0% compared to the same quarter last year. Equities analysts anticipate that Assurant will post $5.90 EPS for the current fiscal year.
In other news, Director Robert W. Stein sold 2,500 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $84.01, for a total value of $210,025.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher J. Pagano sold 6,000 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $89.76, for a total value of $538,560.00. Following the completion of the sale, the executive vice president now owns 70,149 shares of the company’s stock, valued at $6,296,574.24. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of AIZ. Wellington Management Group LLP raised its stake in Assurant by 16.4% in the first quarter. Wellington Management Group LLP now owns 1,561,523 shares of the company’s stock valued at $120,471,000 after buying an additional 220,377 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Assurant by 59.3% in the first quarter. Riverhead Capital Management LLC now owns 95,959 shares of the company’s stock worth $7,404,000 after buying an additional 35,738 shares during the last quarter. Altrinsic Global Advisors LLC acquired a new stake in shares of Assurant during the first quarter worth about $32,674,000. AXA raised its stake in shares of Assurant by 4,046.0% in the first quarter. AXA now owns 122,308 shares of the company’s stock worth $9,436,000 after buying an additional 119,358 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Assurant by 48.9% in the first quarter. Rafferty Asset Management LLC now owns 8,961 shares of the company’s stock worth $691,000 after buying an additional 2,944 shares during the last quarter. Hedge funds and other institutional investors own 94.52% of the company’s stock.
Assurant Company Profile
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