State of Tennessee Department of Treasury Boosts Holdings in Assurant, Inc. (NYSE:AIZ)

State of Tennessee Department of Treasury increased its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 126.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,485 shares of the financial services provider's stock after purchasing an additional 29,299 shares during the period. State of Tennessee Department of Treasury owned approximately 0.10% of Assurant worth $11,191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. increased its stake in Assurant by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 7,469 shares of the financial services provider's stock worth $1,593,000 after purchasing an additional 50 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Assurant by 127.1% during the fourth 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. CIBC Asset Management Inc lifted its holdings in shares of Assurant by 1.1% in the fourth quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider's stock valued at $1,642,000 after purchasing an additional 84 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Assurant by 30.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 364 shares of the financial services provider's stock valued at $78,000 after buying an additional 84 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its position in Assurant by 42.8% in the fourth quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Assurant Trading Down 0.0 %

AIZ traded down $0.01 during midday trading on Tuesday, hitting $192.28. 57,724 shares of the company were exchanged, compared to its average volume of 383,176. The firm's 50 day moving average price is $200.52 and its 200-day moving average price is $206.89. Assurant, Inc. has a 1-year low of $160.12 and a 1-year high of $230.55. The firm has a market capitalization of $9.78 billion, a P/E ratio of 13.26 and a beta of 0.53. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 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%. As a group, equities analysts forecast that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Analyst Ratings Changes

AIZ has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Piper Sandler raised shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price objective 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, StockNews.com lowered Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $234.17.

Insider Activity

In other Assurant news, EVP Biju Nair sold 3,000 shares of the firm'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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.51% of the stock is owned by company insiders.

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.