Nippon Life Global Investors Americas Inc. Has $904,000 Stock Holdings in Assurant, Inc. (NYSE:AIZ)

Nippon Life Global Investors Americas Inc. decreased its stake in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,240 shares of the financial services provider's stock after selling 1,790 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Assurant were worth $904,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Assurant by 36.7% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Assurant by 0.8% during 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 bought a new stake in shares of Assurant during the fourth quarter worth $143,475,000. Amundi increased its position in shares of Assurant by 45.0% during the fourth quarter. Amundi now owns 281,199 shares of the financial services provider's stock worth $57,764,000 after acquiring an additional 87,323 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Assurant by 42.4% during the fourth quarter. FIL Ltd now owns 213,550 shares of the financial services provider's stock worth $45,533,000 after acquiring an additional 63,550 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Analyst Upgrades and Downgrades

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

Assurant Stock Performance

NYSE:AIZ traded down $2.27 on Friday, hitting $190.92. The company's stock had a trading volume of 305,048 shares, compared to its average volume of 384,605. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $200.68 and a two-hundred day moving average of $206.88. The firm has a market capitalization of $9.71 billion, a P/E ratio of 13.19 and a beta of 0.53. 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 released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.83. Assurant had a return on equity of 17.25% and a net margin of 6.40%. Research analysts predict that Assurant, Inc. will post 16.88 earnings per share for the current year.

Insider Transactions at Assurant

In other news, EVP Biju Nair sold 3,000 shares of the 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 in the company, valued at approximately $3,568,162. This trade represents a 14.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.51% of the stock is owned by corporate 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.