Assurant Inc’s recently made public that its EVP and CLO Rosenblum Jay unloaded Company’s shares for reported $0.32 million on Nov 20 ’23. In the deal valued at $162.16 per share,2,000 shares were sold. As a result of this transaction, Rosenblum Jay now holds 7,567 shares worth roughly $1.35 million.
Then, DiRienzo Dimitry sold 850 shares, generating $136,616 in total proceeds. Upon selling the shares at $160.72, the SVP, CAO, Controller now owns 4,654 shares.
Before that, DZIADZIO RICHARD S sold 4,000 shares. Assurant Inc shares valued at $572,778 were divested by the EVP and CFO at a price of $143.19 per share. As a result of the transaction, DZIADZIO RICHARD S now holds 51,893 shares, worth roughly $9.28 million.
Keefe Bruyette downgraded its Assurant Inc [AIZ] rating to a Mkt perform from a an Outperform in a research note published on February 12, 2024; the price target was increased to $182 from $170. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “an Overweight”. Keefe Bruyette also remained covering AIZ and has increased its forecast on March 21, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Keefe Bruyette revised its rating on November 03, 2022. It rated AIZ as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of AIZ
On Tuesday, Assurant Inc [NYSE:AIZ] saw its stock fall -1.35% to $178.80. Over the last five days, the stock has lost -4.19%. Assurant Inc shares have risen nearly 6.12% since the year began. Nevertheless, the stocks have risen 51.10% over the past one year. While a 52-week high of $189.48 was reached on 03/28/24, a 52-week low of $115.41 was recorded on 01/11/24. SMA at 50 days reached $177.75, while 200 days put it at $156.50. A total of 0.29 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For AIZ Stock
The 24-hour chart illustrates a support level at 176.69, which if violated will result in even more drops to 174.58. On the upside, there is a resistance level at 181.69. A further resistance level may holdings at 184.58. The Relative Strength Index (RSI) on the 14-day chart is 45.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.93%. Stochastics %K at 18.40% indicates the stock is a buying.
How much short interest is there in Assurant Inc?
A steep rise in short interest was recorded in Assurant Inc stocks on Mar 15, 2024, dropping by 26520.0 shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.7 million shares. There was a decline of -3.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.98.
