Assurant, Inc. (NYSE:AIZ) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in Assurant, Inc. (NYSE:AIZ - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,583 shares of the financial services provider's stock after acquiring an additional 1,514 shares during the period. Cetera Investment Advisers' holdings in Assurant were worth $3,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cascade Investment Advisors Inc. lifted its holdings in shares of Assurant by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 7,469 shares of the financial services provider's stock valued at $1,593,000 after purchasing an additional 50 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Assurant by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 75 shares during the period. CIBC Asset Management Inc grew its position in shares of Assurant by 1.1% during the 4th quarter. CIBC Asset Management Inc now owns 7,699 shares of the financial services provider's stock valued at $1,642,000 after purchasing an additional 84 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Assurant by 30.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 364 shares of the financial services provider's stock valued at $78,000 after buying an additional 84 shares during the period. Finally, Richardson Financial Services Inc. lifted its stake in 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 purchasing an additional 86 shares during the last quarter. Institutional investors own 92.65% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AIZ shares. Morgan Stanley lifted their price objective on Assurant from $200.00 to $217.00 and gave the stock an "equal weight" rating in a report on Monday. Piper Sandler upgraded Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price on the stock in a report on Thursday, April 10th. Truist Financial upped their target price on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price target on Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, StockNews.com raised Assurant from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $228.67.

Assurant Trading Down 2.7%

NYSE AIZ traded down $5.40 during trading on Wednesday, hitting $195.26. The stock had a trading volume of 75,971 shares, compared to its average volume of 392,105. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 13.52 and a beta of 0.59. Assurant, Inc. has a one year low of $160.12 and a one year high of $230.55. The stock has a 50 day simple moving average of $198.23 and a 200 day simple moving average of $207.17.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.61. Assurant had a net margin of 6.40% and a return on equity of 17.25%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company posted $4.78 earnings per share. Assurant's revenue was up 6.7% compared to the same quarter last year. Sell-side analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current year.

Insider Activity at Assurant

In other news, EVP Jay Rosenblum sold 1,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $201.93, for a total transaction of $201,930.00. Following the completion of the sale, the executive vice president now owns 11,775 shares of the company's stock, valued at $2,377,725.75. The trade was a 7.83% 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. 0.51% of the stock is currently owned by insiders.

Assurant 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.