Today, the EVP & COO of Assurant (NYSE: AIZ), Gene Mergelmeyer, sold shares of AIZ for $1.55M.
Following Gene Mergelmeyer’s last AIZ Sell transaction on November 25, 2015, the stock climbed by 28.9%.
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Based on Assurant’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.82 billion and quarterly net profit of $67 million. In comparison, last year the company earned revenue of $1.58 billion and had a net profit of $120 million. AIZ’s market cap is $6.87B and the company has a P/E ratio of 14.03. Currently, Assurant has an average volume of 535.3K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $126.33, reflecting a -14.7% downside.
The insider sentiment on Assurant has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Gene Mergelmeyer’s trades have generated a -17.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Assurant, Inc. engages in the provision of risk management solutions. It operates through following segments: Global Housing, Global Lifestyle, and Global Preneed. The Global Housing segment provides lender-placed homeowners, multi-family housing, and mortgage solutions.
