Legal & General Group Plc lessened its holdings in Assurant, Inc. (NYSE:AIZ - Free Report) by 25.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,772 shares of the financial services provider's stock after selling 60,290 shares during the quarter. Legal & General Group Plc owned approximately 0.34% of Assurant worth $36,838,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its position in Assurant by 8.9% in the 4th quarter. Cerity Partners LLC now owns 8,826 shares of the financial services provider's stock valued at $1,848,000 after buying an additional 721 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Assurant by 18.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 97,413 shares of the financial services provider's stock valued at $20,770,000 after purchasing an additional 15,218 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Assurant in the fourth quarter worth approximately $4,375,000. World Investment Advisors increased its holdings in Assurant by 24.3% during the 4th quarter. World Investment Advisors now owns 7,590 shares of the financial services provider's stock worth $1,618,000 after purchasing an additional 1,483 shares during the period. Finally, Geode Capital Management LLC raised its position in Assurant by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,399,725 shares of the financial services provider's stock valued at $299,724,000 after purchasing an additional 10,956 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. 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. Truist Financial increased their target price on shares of Assurant from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. StockNews.com lowered shares of Assurant from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Assurant currently has a consensus rating of "Moderate Buy" and an average price target of $234.17.
Get Our Latest Report on AIZ
Assurant Stock Down 0.7 %
Shares of Assurant stock traded down $1.31 on Friday, reaching $189.01. The stock had a trading volume of 432,677 shares, compared to its average volume of 382,383. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $9.61 billion, a P/E ratio of 13.06 and a beta of 0.53. The company has a 50 day moving average price of $202.65 and a 200 day moving average price of $206.88. Assurant, Inc. has a 1 year low of $160.12 and a 1 year 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 earnings per share (EPS) for the quarter, topping 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, equities research analysts forecast that Assurant, Inc. will post 16.88 EPS for the current year.
Insider Activity
In other Assurant news, EVP Biju Nair sold 3,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.50, for a total value of $604,500.00. Following the completion of the transaction, the executive vice president now owns 17,708 shares of the company's stock, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company's stock.
Assurant Company Profile
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Free Report)
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.
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