Handelsbanken Fonder AB Has $3.08 Million Holdings in Assurant, Inc. (NYSE:AIZ)

Handelsbanken Fonder AB grew its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,700 shares of the financial services provider's stock after acquiring an additional 1,700 shares during the quarter. Handelsbanken Fonder AB's holdings in Assurant were worth $3,083,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AIZ. SG Americas Securities LLC lifted its position in shares of Assurant by 672.7% during the 1st quarter. SG Americas Securities LLC now owns 11,374 shares of the financial services provider's stock valued at $2,386,000 after buying an additional 9,902 shares in the last quarter. Dividend Assets Capital LLC grew its position in Assurant by 1.6% in the 1st quarter. Dividend Assets Capital LLC now owns 54,344 shares of the financial services provider's stock valued at $11,399,000 after acquiring an additional 872 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Assurant by 49.1% during the first quarter. Yousif Capital Management LLC now owns 10,187 shares of the financial services provider's stock valued at $2,137,000 after buying an additional 3,356 shares during the period. Pallas Capital Advisors LLC increased its stake in shares of Assurant by 8.6% during the first quarter. Pallas Capital Advisors LLC now owns 1,350 shares of the financial services provider's stock valued at $283,000 after buying an additional 107 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of Assurant by 32.3% during the 1st quarter. Park Avenue Securities LLC now owns 8,589 shares of the financial services provider's stock worth $1,802,000 after purchasing an additional 2,097 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

Insider Activity at Assurant

In related news, EVP Jay Rosenblum sold 1,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $201.93, for a total value of $201,930.00. Following the sale, the executive vice president now directly owns 11,775 shares of the company's stock, valued at approximately $2,377,725.75. The trade was a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AIZ has been the subject of several recent research reports. Piper Sandler upgraded 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. Keefe, Bruyette & Woods upped their price target on Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Wall Street Zen raised Assurant from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley set a $217.00 target price on Assurant and gave the company an "equal weight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $228.67.

Assurant Price Performance

Shares of NYSE:AIZ traded down $1.19 on Friday, reaching $198.01. 461,188 shares of the company traded hands, compared to its average volume of 425,545. The company's 50 day moving average is $195.89 and its 200-day moving average is $205.20. The stock has a market capitalization of $10.07 billion, a PE ratio of 13.68 and a beta of 0.61. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. 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 (NYSE:AIZ - Get Free Report) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $3.39 EPS for the quarter, topping 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 firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business posted $4.78 earnings per share. The business's quarterly revenue was up 6.7% on a year-over-year basis. As a group, analysts anticipate that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Assurant Dividend Announcement

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

Assurant Company 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.