UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $70.44 Million Stock Holdings in Assurant, Inc. (NYSE:AIZ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 330,348 shares of the financial services provider's stock after selling 65,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.64% of Assurant worth $70,437,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Cascade Investment Advisors Inc. boosted its stake in 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 buying an additional 50 shares in the last quarter. LRI Investments LLC boosted its stake in shares of Assurant by 14.0% in the 4th quarter. LRI Investments LLC now owns 553 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 68 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings 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 last quarter. CIBC Asset Management Inc grew its holdings 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 during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Assurant by 30.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 364 shares of the financial services provider's stock worth $78,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

Insider Buying and Selling at Assurant

In other news, EVP Jay Rosenblum sold 1,000 shares of Assurant stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $201.93, for a total value of $201,930.00. Following the completion of the transaction, the executive vice president now directly owns 11,775 shares of the company's stock, valued at approximately $2,377,725.75. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AIZ shares. Truist Financial increased their target price on Assurant from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wall Street Zen upgraded shares of Assurant from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley set a $217.00 target price on shares of Assurant and gave the stock an "equal weight" rating in a report on Monday, May 19th. Piper Sandler upgraded shares of Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target for the company in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Assurant from $224.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $228.67.

Assurant Trading Down 1.6%

Shares of Assurant stock traded down $3.31 during midday trading on Wednesday, reaching $197.69. The company had a trading volume of 888,956 shares, compared to its average volume of 401,211. The firm has a market cap of $10.06 billion, a PE ratio of 13.66 and a beta of 0.59. The stock has a fifty day moving average price of $196.54 and a 200 day moving average price of $206.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.61. Assurant had a net margin of 6.40% and a return on equity of 17.25%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the company earned $4.78 EPS. The company's revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current year.

Assurant Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $3.20 annualized dividend and a yield of 1.62%. Assurant's payout ratio is 24.94%.

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.