CANADA LIFE ASSURANCE Co lowered its holdings in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,739 shares of the financial services provider's stock after selling 5,772 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.07% of Assurant worth $7,830,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in AIZ. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Assurant in the fourth quarter worth about $28,000. Smartleaf Asset Management LLC increased its stake in Assurant by 127.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock worth $28,000 after acquiring an additional 75 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Assurant by 219.1% in the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock worth $32,000 after acquiring an additional 103 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Assurant by 503.1% during the 4th quarter. TD Private Client Wealth LLC now owns 193 shares of the financial services provider's stock worth $41,000 after acquiring an additional 161 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its position in shares of Assurant by 42.8% during the 4th quarter. Richardson Financial Services Inc. now owns 287 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 86 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Assurant
In other Assurant 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 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. The trade was a 14.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is currently owned by corporate insiders.
Assurant Trading Up 0.8 %
Shares of AIZ stock traded up $1.50 during trading hours on Monday, reaching $192.33. 347,330 shares of the stock were exchanged, compared to its average volume of 384,456. 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 12-month low of $160.12 and a 12-month high of $230.55. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 13.29 and a beta of 0.53. The company's 50-day moving average price is $200.52 and its 200-day moving average price is $206.89.
Assurant (NYSE:AIZ - Get Free Report) last announced its earnings results on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (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 analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on AIZ. Truist Financial upped their price target on shares of Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. 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 report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price target on Assurant from $230.00 to $224.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, StockNews.com cut 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $234.17.
Check Out Our Latest Analysis on AIZ
About Assurant
(
Free Report)
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.
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