Voya Investment Management LLC Reduces Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Voya Investment Management LLC reduced its position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,357 shares of the financial services provider's stock after selling 1,699 shares during the period. Voya Investment Management LLC owned approximately 0.11% of Assurant worth $12,016,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AIZ shares. Truist Financial boosted their price target 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 cut their target price on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. StockNews.com downgraded Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Piper Sandler upgraded Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price objective for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $234.17.

Assurant Trading Up 2.8 %

Shares of AIZ stock traded up $5.37 on Friday, hitting $197.00. 307,108 shares of the company's stock traded hands, compared to its average volume of 385,191. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 13.61 and a beta of 0.53. The company's fifty day simple moving average is $199.82 and its 200 day simple moving average is $206.84. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43.

Assurant (NYSE:AIZ - Get Free Report) last announced 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 return on equity of 17.25% and a net margin of 6.40%. Equities analysts forecast that Assurant, Inc. will post 16.88 EPS for the current year.

Insiders Place Their Bets

In other Assurant news, EVP Biju Nair sold 3,000 shares of the 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 in the company, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.51% of the company's stock.

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.