Boothbay Fund Management LLC Purchases Shares of 1,578 Assurant, Inc. (NYSE:AIZ)

Boothbay Fund Management LLC purchased a new position in Assurant, Inc. (NYSE:AIZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,578 shares of the financial services provider's stock, valued at approximately $336,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Assurant during the fourth quarter worth $28,000. Smartleaf Asset Management LLC boosted its position in shares of Assurant by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock worth $28,000 after acquiring an additional 75 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Assurant by 219.1% in the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 103 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Assurant by 503.1% during the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after acquiring an additional 161 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in Assurant by 42.8% during the fourth quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock worth $61,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price objective for the company in a research report on Thursday, April 10th. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Truist Financial lifted their target price on shares of Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $234.17.

Insider Buying and Selling at Assurant

In related news, EVP Biju Nair sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the sale, the executive vice president now owns 17,708 shares of the company's stock, valued at approximately $3,568,162. This represents a 14.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.

Assurant Stock Performance

Shares of NYSE:AIZ traded up $1.98 during midday trading on Tuesday, hitting $198.46. The stock had a trading volume of 284,312 shares, compared to its average volume of 384,623. Assurant, Inc. has a 1 year low of $160.12 and a 1 year high of $230.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $199.62 and a two-hundred day moving average price of $206.83. The company has a market capitalization of $10.10 billion, a PE ratio of 13.72 and a beta of 0.59.

Assurant (NYSE:AIZ - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. As a group, equities analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.