Assurant, Inc. (NYSE:AIZ) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 165.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,913 shares of the financial services provider's stock after buying an additional 3,060 shares during the period. Tower Research Capital LLC TRC's holdings in Assurant were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Assurant by 36.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,320,590 shares of the financial services provider's stock worth $708,016,000 after buying an additional 891,292 shares during the period. Geode Capital Management LLC boosted its stake in shares of Assurant by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,399,725 shares of the financial services provider's stock worth $299,724,000 after purchasing an additional 10,956 shares during the period. Norges Bank bought a new position in Assurant during the 4th quarter valued at about $143,475,000. Amundi raised its position in Assurant by 45.0% in the 4th quarter. Amundi now owns 281,199 shares of the financial services provider's stock worth $57,764,000 after purchasing an additional 87,323 shares during the period. Finally, FIL Ltd raised its position in Assurant by 42.4% in the 4th quarter. FIL Ltd now owns 213,550 shares of the financial services provider's stock worth $45,533,000 after purchasing an additional 63,550 shares during the period. 92.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Biju Nair sold 3,000 shares of the company's stock in a transaction dated 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 directly owns 17,708 shares of the company's stock, valued at $3,568,162. This represents a 14.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.51% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AIZ. Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price objective on Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. StockNews.com lowered Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Truist Financial lifted their price objective on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, February 13th. 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $234.17.

Assurant Price Performance

AIZ stock traded down $3.19 during mid-day trading on Wednesday, reaching $190.97. The company's stock had a trading volume of 55,498 shares, compared to its average volume of 449,022. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week 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. The stock has a market cap of $9.71 billion, a PE ratio of 13.20 and a beta of 0.53. The company's 50 day moving average is $200.38 and its two-hundred day moving average is $206.80.

Assurant (NYSE:AIZ - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts expect that Assurant, Inc. will post 16.88 EPS 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.