Assurant, Inc. (NYSE:AIZ) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 660,153 shares of the financial services provider's stock after selling 27,207 shares during the period. Dimensional Fund Advisors LP owned 1.29% of Assurant worth $140,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Assurant during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC grew its position in Assurant by 127.1% during the 4th 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 during the last quarter. Jones Financial Companies Lllp increased its stake in Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Assurant by 503.1% in the fourth quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after buying an additional 161 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in shares of Assurant by 42.8% during the fourth quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock worth $61,000 after buying an additional 86 shares during the period. Hedge funds and other institutional investors own 92.65% of the company's stock.

Insider Transactions at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total transaction 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 $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 is available at this link. Corporate insiders own 0.51% of the company's stock.

Assurant Stock Performance

AIZ traded down $0.90 on Thursday, reaching $191.85. The stock had a trading volume of 62,666 shares, compared to its average volume of 383,475. The business's 50-day moving average price is $200.24 and its two-hundred day moving average price is $206.70. The company has a market cap of $9.76 billion, a P/E ratio of 13.29 and a beta of 0.53. Assurant, Inc. has a 12-month low of $160.12 and a 12-month high of $230.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIZ. Truist Financial raised their target price on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. StockNews.com cut Assurant from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Piper Sandler upgraded Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods decreased 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $234.17.

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.