Ensign Peak Advisors Inc Decreases Position in Assurant, Inc. (NYSE:AIZ)

Ensign Peak Advisors Inc lessened its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,546 shares of the financial services provider's stock after selling 4,385 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of Assurant worth $6,726,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIZ. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Assurant during the 4th quarter worth about $28,000. Smartleaf Asset Management LLC boosted its position 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 worth $28,000 after purchasing an additional 75 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock worth $32,000 after purchasing an additional 103 shares in the last quarter. TD Private Client Wealth LLC boosted its position 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 purchasing 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 worth $61,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Assurant Stock Up 1.2%

Shares of AIZ traded up $2.49 on Friday, reaching $201.97. The company's stock had a trading volume of 1,065,425 shares, compared to its average volume of 392,257. 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 capitalization of $10.27 billion, a PE ratio of 13.96 and a beta of 0.59. Assurant, Inc. has a twelve month low of $160.12 and a twelve month high of $230.55. The firm has a fifty day moving average of $198.26 and a 200-day moving average of $206.95.

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

Insider Buying and Selling at Assurant

In other Assurant news, EVP Biju Nair sold 3,000 shares of the 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 owns 17,708 shares in the company, valued at approximately $3,568,162. This trade represents a 14.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.51% of the company's stock.

Analyst Ratings Changes

AIZ has been the topic of a number of research analyst reports. StockNews.com raised shares of Assurant from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Truist Financial upped their target price on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods lowered their target price 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. Finally, 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 report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $234.17.

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.