Assurant, Inc. (NYSE:AIZ) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in Assurant, Inc. (NYSE:AIZ - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,643 shares of the financial services provider's stock after buying an additional 1,775 shares during the period. Gotham Asset Management LLC owned 0.10% of Assurant worth $10,585,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Ethic Inc. grew its holdings in shares of Assurant by 15.9% during the fourth quarter. Ethic Inc. now owns 8,015 shares of the financial services provider's stock worth $1,709,000 after purchasing an additional 1,101 shares during the last quarter. First Manhattan CO. LLC. boosted its position in shares of Assurant by 3.9% in the 4th quarter. First Manhattan CO. LLC. now owns 394,044 shares of the financial services provider's stock valued at $84,018,000 after purchasing an additional 14,610 shares during the period. Clark Capital Management Group Inc. grew its stake in Assurant by 1.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 607,458 shares of the financial services provider's stock worth $129,522,000 after buying an additional 7,211 shares during the last quarter. Deutsche Bank AG increased its position in Assurant by 25.9% during the fourth quarter. Deutsche Bank AG now owns 550,782 shares of the financial services provider's stock worth $117,438,000 after buying an additional 113,247 shares during the period. Finally, Dean Capital Management lifted its stake in Assurant by 1.7% in the fourth quarter. Dean Capital Management now owns 10,054 shares of the financial services provider's stock valued at $2,144,000 after buying an additional 172 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Assurant Stock Performance

AIZ traded up $3.15 during trading on Thursday, reaching $199.44. The company's stock had a trading volume of 434,775 shares, compared to its average volume of 389,171. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 0.43. The company's fifty day moving average price is $198.43 and its 200-day moving average price is $206.85. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 13.78 and a beta of 0.59. 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 quarterly earnings data 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 firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.06 billion. Assurant had a return on equity of 17.25% and a net margin of 6.40%. Assurant's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.78 earnings per share. On average, equities analysts forecast that Assurant, Inc. will post 16.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Assurant from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. 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. Piper Sandler upgraded shares of 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. Finally, Truist Financial raised their price target on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.17.

Insiders Place Their Bets

In other news, EVP Biju Nair sold 3,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 17,708 shares of the company's stock, valued at $3,568,162. The trade was a 14.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is currently owned by company insiders.

About Assurant

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.