BI Asset Management Fondsmaeglerselskab A S Has $882,000 Stock Holdings in Assurant, Inc. (NYSE:AIZ)

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 273.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,137 shares of the financial services provider's stock after buying an additional 3,028 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Assurant were worth $882,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AIZ. PNC Financial Services Group Inc. lifted its holdings in shares of Assurant by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,773 shares of the financial services provider's stock worth $1,657,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. lifted its stake in Assurant by 28.6% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the financial services provider's stock worth $168,000 after purchasing an additional 188 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Assurant by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,370 shares of the financial services provider's stock valued at $34,079,000 after purchasing an additional 24,887 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Assurant in the 4th quarter valued at $329,000. Finally, Merit Financial Group LLC acquired a new position in shares of Assurant during the 4th quarter worth $254,000. Institutional investors own 92.65% of the company's stock.

Insider Buying and Selling at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the transaction, the executive vice president now owns 17,708 shares in the company, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.51% of the company's stock.

Analysts Set New Price Targets

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

Assurant Trading Down 0.4 %

NYSE:AIZ traded down $0.76 during mid-day trading on Tuesday, hitting $191.53. 49,840 shares of the company's stock were exchanged, compared to its average volume of 383,142. 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, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. The company has a 50 day simple moving average of $200.52 and a 200-day simple moving average of $206.89. The firm has a market capitalization of $9.74 billion, a P/E ratio of 13.23 and a beta of 0.53.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.83. Assurant had a net margin of 6.40% and a return on equity of 17.25%. As a group, research analysts expect that Assurant, Inc. will post 16.88 earnings per share for the current year.

About Assurant

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.