Icon Advisers Inc. Co. Cuts Holdings in Assurant, Inc. (NYSE:AIZ)

Icon Advisers Inc. Co. cut its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 39.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the financial services provider's stock after selling 3,600 shares during the quarter. Icon Advisers Inc. Co.'s holdings in Assurant were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AIZ. MML Investors Services LLC raised its stake in Assurant by 19.5% in the third quarter. MML Investors Services LLC now owns 2,677 shares of the financial services provider's stock worth $532,000 after buying an additional 436 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Assurant by 13.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,322 shares of the financial services provider's stock worth $3,246,000 after purchasing an additional 1,888 shares during the period. Barclays PLC raised its holdings in Assurant by 48.4% in the third quarter. Barclays PLC now owns 192,310 shares of the financial services provider's stock worth $38,243,000 after purchasing an additional 62,696 shares in the last quarter. Toronto Dominion Bank lifted its position in Assurant by 1.1% during the third quarter. Toronto Dominion Bank now owns 25,809 shares of the financial services provider's stock valued at $5,132,000 after buying an additional 270 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in Assurant by 7.4% in the third quarter. Sanctuary Advisors LLC now owns 2,950 shares of the financial services provider's stock worth $587,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 92.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AIZ. Piper Sandler upgraded Assurant from a "neutral" rating to an "overweight" rating and set a $223.00 price target on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods dropped their target price 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 shares of Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Truist Financial boosted their price target on Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Assurant has a consensus rating of "Moderate Buy" and a consensus target price of $234.17.

Insider Transactions at Assurant

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 transaction, the executive vice president now owns 17,708 shares of the company's stock, valued at approximately $3,568,162. The trade was a 14.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company's stock.

Assurant Price Performance

Shares of AIZ stock traded down $1.31 during trading hours on Friday, hitting $189.01. The stock had a trading volume of 432,677 shares, compared to its average volume of 382,959. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 13.06 and a beta of 0.53. The stock's 50-day moving average price is $202.17 and its two-hundred day moving average price is $206.81. 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, Inc. has a one year low of $160.12 and a one year high of $230.55.

Assurant (NYSE:AIZ - Get Free Report) last posted its 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%. Equities analysts forecast that Assurant, Inc. will post 16.88 EPS for the current year.

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.