Yahoo Finance Insider Sale: EVP, COO Francesca Luthi Sells 6,700 Shares of Assurant Inc (AIZ)
Francesca Luthi, Executive Vice President and Chief Operating Officer of Assurant Inc (NYSE:AIZ), sold 6,700 shares of the company on May 16, 2024. The transaction was filed on the same day with the SEC. Following this sale, the insider has sold a total of 10,400 shares over the past year, with no recorded purchases.
Assurant Inc, a global provider of risk management solutions, offers a range of insurance products including extended device protection, vehicle protection, and pre-funded funeral insurance. The company operates through a network of partners and direct channels, catering to both individual consumers and businesses.
On the date of the sale, shares of Assurant Inc were priced at $176.36. This valuation brings the company's market cap to approximately $8.95 billion. The price-earnings ratio of the stock stands at 12.02, slightly below the industry median of 12.05 and the company's historical median.
According to the GF Value, the intrinsic value of Assurant Inc is estimated at $183.38 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.96.
The insider transaction history for Assurant Inc shows a trend of more sales than purchases among insiders over the past year, with 9 insider sales and no buys recorded.
This recent transaction by the insider might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
