Fuller & Thaler Asset Management Inc. Purchases Shares of 161,172 Assurant, Inc. (NYSE:AIZ)

Fuller & Thaler Asset Management Inc. purchased a new position in shares of Assurant, Inc. (NYSE:AIZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 161,172 shares of the financial services provider's stock, valued at approximately $34,365,000. Fuller & Thaler Asset Management Inc. owned 0.31% of Assurant as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AIZ. Bank of New York Mellon Corp grew its holdings in shares of Assurant by 36.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,320,590 shares of the financial services provider's stock worth $708,016,000 after acquiring an additional 891,292 shares during the period. Geode Capital Management LLC increased its position in shares of Assurant by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,399,725 shares of the financial services provider's stock worth $299,724,000 after acquiring an additional 10,956 shares in the last quarter. Norges Bank purchased a new position in shares of Assurant in the 4th quarter valued at $143,475,000. Amundi lifted its holdings in shares of Assurant by 45.0% during the 4th quarter. Amundi now owns 281,199 shares of the financial services provider's stock valued at $57,764,000 after acquiring an additional 87,323 shares in the last quarter. Finally, FIL Ltd boosted its position in Assurant by 42.4% during the 4th quarter. FIL Ltd now owns 213,550 shares of the financial services provider's stock worth $45,533,000 after purchasing an additional 63,550 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Assurant

In other news, EVP Biju Nair sold 3,000 shares of Assurant stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $201.50, for a total transaction of $604,500.00. Following the transaction, the executive vice president now directly owns 17,708 shares in the company, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AIZ shares. Keefe, Bruyette & Woods dropped their price objective on shares of Assurant from $230.00 to $224.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. StockNews.com lowered Assurant from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Truist Financial raised their price objective on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Piper Sandler raised Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $234.17.

Assurant Stock Performance

AIZ stock traded down $2.92 on Wednesday, reaching $191.23. The company's stock had a trading volume of 74,712 shares, compared to its average volume of 382,916. The firm has a fifty day moving average of $200.38 and a two-hundred day moving average of $206.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $9.73 billion, a P/E ratio of 13.22 and a beta of 0.53. 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 issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $4.79 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. As a group, analysts predict that Assurant, Inc. will post 16.88 EPS for the current fiscal year.

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.