Assurant, Inc. (NYSE:AIZ) Shares Acquired by Mariner LLC

Mariner LLC grew its holdings in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 35.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,989 shares of the financial services provider's stock after buying an additional 1,836 shares during the period. Mariner LLC's holdings in Assurant were worth $1,490,000 as of its most recent SEC filing.

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

Insider Activity

In other Assurant 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 in the company, valued at approximately $3,568,162. This represents a 14.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.51% of the company's stock.

Wall Street Analysts Forecast Growth

AIZ has been the topic of a number of research reports. StockNews.com cut shares of Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Truist Financial boosted their price objective on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods decreased their target price 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. Finally, Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $234.17.

Assurant Trading Down 0.3 %

Shares of NYSE:AIZ traded down $0.51 on Thursday, hitting $192.24. 49,589 shares of the company's stock were exchanged, compared to its average volume of 383,433. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 13.29 and a beta of 0.53. Assurant, Inc. has a 12 month low of $160.12 and a 12 month high of $230.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. The business's 50 day simple moving average is $200.24 and its two-hundred day simple moving average is $206.70.

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

About Assurant

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.