New York State Common Retirement Fund Sells 8,959 Shares of Assurant, Inc. (NYSE:AIZ)

New York State Common Retirement Fund cut its holdings in shares of Assurant, Inc. (NYSE:AIZ - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,124 shares of the financial services provider's stock after selling 8,959 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Assurant worth $7,940,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Assurant by 21.5% during the third quarter. Bank of New York Mellon Corp now owns 3,238,477 shares of the financial services provider's stock worth $464,981,000 after buying an additional 573,309 shares in the last quarter. FMR LLC lifted its holdings in shares of Assurant by 7.5% during the third quarter. FMR LLC now owns 2,748,162 shares of the financial services provider's stock worth $394,581,000 after buying an additional 191,750 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Assurant by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,865,496 shares of the financial services provider's stock valued at $267,848,000 after purchasing an additional 109,123 shares in the last quarter. Wellington Management Group LLP raised its position in Assurant by 15.6% in the third quarter. Wellington Management Group LLP now owns 638,334 shares of the financial services provider's stock worth $91,652,000 after purchasing an additional 85,953 shares in the last quarter. Finally, Northern Trust Corp raised its position in Assurant by 1.6% in the third quarter. Northern Trust Corp now owns 597,419 shares of the financial services provider's stock worth $85,777,000 after purchasing an additional 9,167 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Assurant Price Performance

Shares of Assurant stock traded up $1.46 on Friday, reaching $176.08. 300,737 shares of the stock were exchanged, compared to its average volume of 349,707. The firm's 50 day moving average is $178.76 and its 200-day moving average is $169.92. Assurant, Inc. has a one year low of $118.45 and a one year high of $189.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $9.15 billion, a PE ratio of 14.70, a P/E/G ratio of 2.21 and a beta of 0.53.

Assurant (NYSE:AIZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 EPS for the quarter, beating the consensus estimate of $3.70 by $0.88. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.78 billion. Assurant had a net margin of 5.77% and a return on equity of 18.36%. As a group, analysts anticipate that Assurant, Inc. will post 15.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AIZ shares. Piper Sandler raised their price target on shares of Assurant from $195.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, April 5th. UBS Group boosted their price objective on shares of Assurant from $191.00 to $205.00 and gave the stock a "buy" rating in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods lowered shares of Assurant from an "outperform" rating to a "market perform" rating and upped their price target for the company from $170.00 to $182.00 in a research note on Monday, February 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $192.20.

Assurant 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.