Robeco Institutional Asset Management B.V. Has $44.08 Million Stake in Assurant, Inc. (NYSE:AIZ)

Robeco Institutional Asset Management B.V. raised its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 37.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,136 shares of the financial services provider's stock after buying an additional 57,201 shares during the period. Robeco Institutional Asset Management B.V. owned 0.41% of Assurant worth $44,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Assurant by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 134 shares of the financial services provider's stock valued at $28,000 after buying an additional 75 shares during the period. Alpine Bank Wealth Management bought a new stake in Assurant in the first quarter valued at approximately $28,000. Jones Financial Companies Lllp increased its position in Assurant by 219.1% during the 4th quarter. Jones Financial Companies Lllp now owns 150 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 103 shares during the period. TD Private Client Wealth LLC raised its holdings in 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 during the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of Assurant in the 4th quarter worth approximately $44,000. Institutional investors own 92.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Assurant from $224.00 to $225.00 and gave the stock an "outperform" rating in a research note 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. Morgan Stanley set a $217.00 price objective on Assurant and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Piper Sandler raised Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 target price for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.67.

Insider Transactions at Assurant

In other Assurant 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 transaction of $201,930.00. Following the completion of the sale, the executive vice president owned 11,775 shares in the company, valued at approximately $2,377,725.75. The trade was a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.51% of the company's stock.

Assurant Stock Up 0.4%

Shares of NYSE AIZ traded up $0.84 during trading on Monday, hitting $197.68. 419,348 shares of the company traded hands, compared to its average volume of 429,238. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 15.41 and a beta of 0.61. The business's fifty day moving average is $197.52 and its 200 day moving average is $203.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.41 and a current ratio of 0.41. 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 posted its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $3.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.61. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.06 billion. Assurant had a return on equity of 15.49% and a net margin of 5.55%. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.78 EPS. Equities research analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current fiscal 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. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend 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.