Barclays PLC Sells 31,914 Shares of Assurant, Inc. (NYSE:AIZ)

Barclays PLC decreased its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,396 shares of the financial services provider's stock after selling 31,914 shares during the quarter. Barclays PLC owned 0.31% of Assurant worth $34,201,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AIZ. Optimize Financial Inc acquired a new position in shares of Assurant during the fourth quarter valued at approximately $370,000. Sterling Capital Management LLC lifted its holdings in Assurant by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,082 shares of the financial services provider's stock valued at $657,000 after acquiring an additional 1,099 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Assurant by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 22,866 shares of the financial services provider's stock valued at $4,875,000 after acquiring an additional 140 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of Assurant during the fourth quarter valued at $371,000. Finally, Bessemer Group Inc. increased its stake in Assurant by 1.4% in the 4th quarter. Bessemer Group Inc. now owns 30,650 shares of the financial services provider's stock worth $6,535,000 after purchasing an additional 414 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Assurant Stock Up 0.7 %

Assurant stock traded up $1.29 during mid-day trading on Thursday, reaching $192.36. The stock had a trading volume of 51,366 shares, compared to its average volume of 383,049. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. The stock's 50-day simple moving average is $201.08 and its 200-day simple moving average is $206.60. The firm has a market capitalization of $9.78 billion, a PE ratio of 13.27 and a beta of 0.53. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Insider Buying and Selling

In other Assurant news, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AIZ has been the topic of several research analyst reports. Truist Financial lifted their price objective on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods lowered their price objective on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. 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 research note on Thursday, April 10th. Finally, StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Assurant has a consensus rating of "Moderate Buy" and an average target price of $234.17.

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.