Toronto Dominion Bank Has $4.55 Million Position in Assurant, Inc. (NYSE:AIZ)

Toronto Dominion Bank lessened its position in Assurant, Inc. (NYSE:AIZGet Rating) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,350 shares of the financial services provider’s stock after selling 5,510 shares during the period. Toronto Dominion Bank’s holdings in Assurant were worth $4,554,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AIZ. Tcwp LLC bought a new position in Assurant during the first quarter worth $27,000. CX Institutional acquired a new stake in Assurant during the 2nd quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its stake in Assurant by 353.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 177 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Venture Visionary Partners LLC acquired a new position in Assurant in the 2nd quarter valued at $35,000. Finally, Covestor Ltd lifted its holdings in shares of Assurant by 453.2% during the first quarter. Covestor Ltd now owns 260 shares of the financial services provider’s stock worth $47,000 after buying an additional 213 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Assurant Price Performance

Shares of NYSE:AIZ opened at $127.04 on Friday. The firm has a 50 day moving average of $139.89 and a 200-day moving average of $160.12. Assurant, Inc. has a 12 month low of $119.01 and a 12 month high of $194.12. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $6.71 billion, a PE ratio of 21.83, a PEG ratio of 0.74 and a beta of 0.52.

Assurant Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be paid a $0.70 dividend. This is a positive change from Assurant’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, November 25th. This represents a $2.80 annualized dividend and a dividend yield of 2.20%. Assurant’s dividend payout ratio (DPR) is presently 46.74%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AIZ. Truist Financial decreased their price target on shares of Assurant from $220.00 to $170.00 in a research note on Wednesday, October 26th. Keefe, Bruyette & Woods cut shares of Assurant from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $199.00 to $151.00 in a report on Thursday, November 3rd. StockNews.com began coverage on shares of Assurant in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley reduced their price target on Assurant from $215.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, TheStreet cut Assurant from a “b-” rating to a “c+” rating in a report on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $170.20.

About Assurant

(Get Rating)

Assurant, Inc, together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect 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 products and related services for mobile devices, consumer electronics, and appliances; vehicle protection and related services; and credit protection and other insurance products.

Read More

Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. (NYSE:AIZGet Rating).

Institutional Ownership by Quarter for Assurant (NYSE:AIZ)

Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.