<div id="readability-page-1"><p>Federated Hermes Inc. lowered its holdings in  Assurant, Inc. (NYSE:AIZ - Free Report) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor  owned 273,391 shares of the financial services provider's stock after selling 59,755 shares during the quarter. Federated Hermes Inc. owned about 0.54% of Assurant worth $53,992,000 as of its most recent filing with the SEC.</p><p>Other large investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in shares of  Assurant in the first quarter valued at about $26,000.  REAP Financial Group LLC increased its position in  Assurant by 193.9% in the 2nd quarter. REAP Financial Group LLC now owns 144 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 95 shares in the last quarter.  Cullen Frost Bankers Inc. increased its position in  Assurant by 1,133.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 148 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 136 shares in the last quarter.  Geneos Wealth Management Inc. raised its stake in shares of  Assurant by 57.8% in the first quarter. Geneos Wealth Management Inc. now owns 183 shares of the financial services provider's stock worth $38,000 after acquiring an additional 67 shares during the last quarter.  Finally, First Horizon Advisors Inc. lifted its position in shares of  Assurant by 135.7% during the second quarter. First Horizon Advisors Inc. now owns 231 shares of the financial services provider's stock worth $46,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own  92.65% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Assurant from $238.00 to $248.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, October 10th. BMO Capital Markets initiated coverage on Assurant in a research note on Tuesday, August 12th. They issued an &#34;outperform&#34; rating and a $238.00 target price for the company. Zacks Research lowered Assurant from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Friday, October 17th. UBS Group lifted their price objective on Assurant from $255.00 to $257.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, November 10th. Finally, Weiss Ratings  reissued a &#34;buy (b)&#34; rating on shares of Assurant in a report on Monday, December 1st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $250.00.</p><p><b>Get Our Latest Research Report on AIZ</b></p><h2>Insiders Place Their Bets</h2><p>In related news, CEO Keith Demmings sold 13,725 shares of the business's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $220.52, for a total transaction of $3,026,637.00. Following the completion of the transaction, the chief executive officer owned 84,647 shares in the company, valued at approximately $18,666,356.44. The trade was a 13.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. 0.51% of the stock is owned by insiders. </p><h2>Assurant Stock Down 0.5%</h2><p>NYSE:AIZ opened at $221.67 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.38. Assurant, Inc. has a 12-month low of $174.97 and a 12-month high of $232.02. The stock's fifty day simple moving average is $219.38 and its 200-day simple moving average is $207.86. The firm has a market capitalization of $11.10 billion, a P/E ratio of 13.49 and a beta of 0.57. </p><p>Assurant (NYSE:AIZ - Get Free Report) last released its quarterly earnings data on Thursday, March 24th. The financial services provider reported $1.80 EPS for the quarter. Assurant had a return on equity of 18.61% and a net margin of 6.75%.The business had revenue of $2.42 billion during the quarter. Assurant has set its FY 2022 guidance at $13.062-$13.512 EPS.  Equities research analysts expect that  Assurant, Inc. will post 16.88 earnings per share for the current year. </p><h2>Assurant Increases Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 1st will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Assurant's previous quarterly dividend of $0.80. Assurant's payout ratio is 21.42%. </p><h2>Assurant Profile</h2> (Free Report)<p>Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects 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 contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Assurant</li><li>Uptrend Stocks Explained: Learn How to Trade Using Uptrends</li><li>What Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer Health</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>3 Stocks Most Likely to Split in 2026</li><li>What is a buyback in stocks? A comprehensive guide for investors</li><li>ChargePoint's Comeback Story: Why This EV Stock Is Charging Up Again</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFJWg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFJWg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Assurant Right Now?</h2><p>Before you consider Assurant, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assurant wasn't on the list.</p><p>While Assurant currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Federated Hermes Inc. reduced its stake in Assurant, Inc. by 17.9% in Q2, owning 273,391 shares worth $53.99 million. Analysts have mixed ratings, with a consensus price target of $250. CEO Keith Demmings sold shares, decreasing his ownership by 13.95%. Assurant's stock opened at $221.67, with a market cap of $11.10 billion. The company reported $1.80 EPS for Q1 and expects FY 2022 EPS between $13.062-$13.512. A quarterly dividend is set for December 29th.</p>

Federated Hermes Inc. Has $53.99 Million Stake in Assurant, Inc. $AIZ