AQR Capital Management LLC Sells 91,877 Shares of Assurant, Inc. (NYSE:AIZ)

AQR Capital Management LLC decreased its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 986,513 shares of the financial services provider's stock after selling 91,877 shares during the period. AQR Capital Management LLC owned 1.92% of Assurant worth $209,959,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Assurant in the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC raised its holdings 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 valued at $28,000 after buying an additional 75 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock valued at $32,000 after buying an additional 103 shares in the last quarter. TD Private Client Wealth LLC raised its holdings 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 valued at $41,000 after buying an additional 161 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in shares of Assurant by 42.8% during the 4th quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock valued at $61,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Assurant Stock Performance

Shares of AIZ stock opened at $192.33 on Tuesday. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The company's 50-day moving average is $200.52 and its 200 day moving average is $206.89. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 13.29 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43.

Assurant (NYSE:AIZ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. Sell-side analysts expect that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares of the company's stock, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.51% of the company's stock.

Assurant Company 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.

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