Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Assurant Inc shares valued at $627,532 were sold by NAIR BIJU on Nov 08 ’24. At $209.18 per share, NAIR BIJU sold 3,000 shares. The insider’s holdings dropped to 20,658 shares worth approximately $4.28 million following the completion of this transaction.
Also, THE BIJU NAIR DECLARATION OF T purchased 3,000 shares, netting a total of over 627,532 in proceeds.
Before that, DiRienzo Dimitry had sold 550 shares from its account. In a trade valued at $103,639, the SVP, CAO, Controller traded Assurant Inc shares for $188.44 each. Upon closing the transaction, the insider’s holdings decreased to 550 shares, worth approximately $0.65 million.
As published in their initiating research note from Morgan Stanley on December 05, 2024, Assurant Inc [AIZ] has been an Equal-weight and the price target has been revised to $251. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of February 12, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for AIZ. Earlier on June 13, 2023, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for AIZ stock which previously was a “a Neutral”.
Analyzing AIZ Stock Performance
During the last five days, there has been a drop of approximately -3.48%. Over the course of the year, Assurant Inc shares have dropped approximately -2.75%. Shares of the company reached a 52-week high of $221.39 on 01/30/25 and a 52-week low of $197.28 on 01/13/25. A 50-day SMA is recorded $213.67, while a 200-day SMA reached $192.21. Nevertheless, trading volume fell to 0.55 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Assurant Inc (AIZ)
According to the 24-hour chart, there is a support level at 203.37, which, if violated, would cause prices to drop to 199.39. In the upper region, resistance lies at 214.96. The next price resistance is at 222.57. RSI (Relative Strength Index) is 40.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.04, which suggests the price will decrease in the coming days. Percent R is at 93.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
