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Dimitry DiRienzo, Senior Vice President, Chief Accounting Officer, and Controller at Assurant , Inc. (NYSE:AIZ), recently sold 1,650 shares of the company’s common stock. The shares were sold at a weighted average price of $213.03, totaling $351,507. Following this transaction, DiRienzo holds 4,085 shares, which include restricted stock units. The stock sales occurred on March 20, 2025, as per the SEC filing.The transaction took place as Assurant, currently valued at $10.7 billion, trades near $209.44 per share. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimate. Notably, Assurant boasts a perfect Piotroski Score of 9, indicating strong financial health, and has maintained dividend payments for 22 consecutive years with an 11.1% dividend growth in the last twelve months.Want deeper insights? InvestingPro subscribers get access to 10+ additional ProTips and a comprehensive research report, helping you make more informed investment decisions.
In other recent news, Assurant has been the focus of several notable developments. Truist Securities reaffirmed their Buy rating on Assurant, raising the stock price target to $250, reflecting confidence in the company’s future performance despite anticipated challenges. The firm’s analysts adjusted their earnings projections, factoring in increased catastrophe losses due to the LA wildfires, which have impacted the 2025 earnings per share estimate. However, the 2026 EPS estimate shows a positive outlook, with an increase in non-catastrophe earnings expected.
Assurant has also made strategic leadership changes in its European and Latin American operations. Felipe Sanchez has been appointed president of Assurant Europe, with a focus on expanding the company’s presence in key markets. Meanwhile, Christian Formby will transition to lead Specialty Solutions in Global Housing, and Diego Gomez will assume the role of president of Assurant Mexico. These appointments are part of Assurant’s strategy to enhance its international business footprint.
Additionally, Assurant’s recent investments in digital advancements have been acknowledged by major clients like Bank of America and JPMorgan, enhancing customer engagement and securing new business opportunities. The company is also poised for profitability growth in its Global Automotive and Global Housing segments, with successful price adjustments and positive earnings projections.
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