Assurant, Inc. (NYSE:AIZ) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,039,199 shares of the financial services provider's stock after selling 77,832 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 9.82% of Assurant worth $1,074,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AIZ. Alpine Global Management LLC purchased a new stake in Assurant during the fourth quarter worth approximately $791,000. OneDigital Investment Advisors LLC purchased a new position in shares of Assurant in the 4th quarter valued at $264,000. State of Tennessee Department of Treasury raised its stake in Assurant by 126.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 52,485 shares of the financial services provider's stock worth $11,191,000 after acquiring an additional 29,299 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Assurant by 165.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,913 shares of the financial services provider's stock valued at $1,048,000 after acquiring an additional 3,060 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Assurant by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 13,586 shares of the financial services provider's stock valued at $2,897,000 after acquiring an additional 116 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the transaction, the executive vice president now directly owns 17,708 shares of the company's stock, valued at $3,568,162. This trade represents a 14.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.51% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Assurant from $230.00 to $224.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Truist Financial raised their target price 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. Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target for the company in a research report on Thursday, April 10th. Finally, StockNews.com lowered shares of 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $234.17.

Assurant Stock Performance

NYSE AIZ traded down $0.30 during trading hours on Monday, hitting $190.54. 84,151 shares of the stock were exchanged, compared to its average volume of 383,443. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The stock has a 50-day moving average of $200.68 and a 200 day moving average of $206.88. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 13.17 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 results 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 return on equity of 17.25% and a net margin of 6.40%. As a group, equities research analysts forecast that Assurant, Inc. will post 16.88 earnings per share for the current year.

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.