Assurant, Inc. (NYSE:AIZ) COO Gene Mergelmeyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $124.24, for a total transaction of $1,863,600.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of AIZ traded down $0.67 on Thursday, hitting $123.00. 2,984 shares of the stock traded hands, compared to its average volume of 649,568. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.56 billion, a P/E ratio of 21.28 and a beta of 0.54. The stock’s 50 day moving average is $114.58 and its two-hundred day moving average is $102.78. Assurant, Inc. has a 1 year low of $82.31 and a 1 year high of $125.87.

Assurant (NYSE:AIZ) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.21. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.35 billion. Assurant had a net margin of 4.00% and a return on equity of 7.58%. The company’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Research analysts forecast that Assurant, Inc. will post 8.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, August 26th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, August 23rd. Assurant’s dividend payout ratio is currently 41.38%.

Several brokerages recently issued reports on AIZ. UBS Group upped their price objective on shares of Assurant to $133.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. They noted that the move was a valuation call. Morgan Stanley upped their price objective on shares of Assurant from $119.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th.

A number of large investors have recently bought and sold shares of the business. Oakbrook Investments LLC raised its stake in Assurant by 1.8% during the second quarter. Oakbrook Investments LLC now owns 6,086 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 105 shares during the period. Pittenger & Anderson Inc. raised its stake in Assurant by 0.7% during the second quarter. Pittenger & Anderson Inc. now owns 18,420 shares of the financial services provider’s stock worth $1,960,000 after purchasing an additional 120 shares during the period. Norinchukin Bank The raised its stake in Assurant by 2.9% during the second quarter. Norinchukin Bank The now owns 4,243 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 121 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in Assurant by 2.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,982 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Assurant by 0.9% during the first quarter. Crossmark Global Holdings Inc. now owns 15,016 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 138 shares during the period. 93.07% of the stock is currently owned by institutional investors.

Assurant Company Profile

Assurant, Inc, through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products.

Recommended Story: Cost of Capital

Insider Buying and Selling 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.