Assurant, Inc. (NYSE:AIZ) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 37.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,136 shares of the financial services provider's stock after purchasing an additional 57,201 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.41% of Assurant worth $44,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIZ. Norges Bank purchased a new stake in Assurant in the fourth quarter worth $143,475,000. Millennium Management LLC grew its holdings in shares of Assurant by 1,499.1% in the fourth quarter. Millennium Management LLC now owns 344,128 shares of the financial services provider's stock worth $73,375,000 after purchasing an additional 322,608 shares during the last quarter. GAMMA Investing LLC increased its stake in Assurant by 20,818.1% in the 1st quarter. GAMMA Investing LLC now owns 308,123 shares of the financial services provider's stock worth $646,290,000 after buying an additional 306,650 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in Assurant in the 4th quarter worth about $34,365,000. Finally, Northern Trust Corp lifted its holdings in Assurant by 23.1% during the 4th quarter. Northern Trust Corp now owns 831,864 shares of the financial services provider's stock valued at $177,370,000 after buying an additional 156,364 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Assurant Stock Up 0.3%

Shares of AIZ traded up $0.60 during mid-day trading on Friday, hitting $196.81. The company's stock had a trading volume of 484,438 shares, compared to its average volume of 429,330. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 15.34 and a beta of 0.61. The company's 50-day moving average is $197.09 and its 200-day moving average is $203.61. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.40. Assurant, Inc. has a 52-week low of $160.12 and a 52-week high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last announced its earnings results 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 return on equity of 15.49% and a net margin of 5.55%. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter last year, the firm earned $4.78 EPS. The business's revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

Assurant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, June 9th. Assurant's dividend payout ratio is currently 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.