Assurant, Inc. (NYSE:AIZ) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 191.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,878 shares of the financial services provider's stock after acquiring an additional 22,900 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of Assurant worth $7,437,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AIZ. Cascade Investment Advisors Inc. grew its stake in shares of 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 during the period. Smartleaf Asset Management LLC boosted its holdings in 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 buying an additional 75 shares in the last quarter. CIBC Asset Management Inc grew its position in Assurant by 1.1% during the fourth quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider's stock worth $1,642,000 after buying an additional 84 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Assurant by 30.0% in the fourth 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 in the last quarter. Finally, Richardson Financial Services Inc. lifted its position 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 acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 92.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Assurant from $230.00 to $224.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Piper Sandler raised Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price on the stock in a report on Thursday, April 10th. Truist Financial lifted their price target on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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 business'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 completion of the sale, the executive vice president now directly owns 17,708 shares in the company, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is currently owned by insiders.

Assurant Price Performance

Shares of AIZ traded down $2.27 during trading hours on Friday, reaching $190.92. 305,048 shares of the company traded hands, compared to its average volume of 384,605. The stock has a market capitalization of $9.71 billion, a PE ratio of 13.19 and a beta of 0.53. The stock has a fifty day simple moving average of $200.68 and a 200 day simple moving average of $206.88. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. 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 released its quarterly 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 net margin of 6.40% and a return on equity of 17.25%. As a group, research analysts predict 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.